Mortgage Rate Update – Possible Delay In Increase
Variable Rate Mortgages – Bank Prime Rate
For some time now we have been hearing that we should expect the Bank of Canada and therefore Bank’s Prime rate to start rising around July of this year, 2010. However, recently in the new there has been suggestion that raising rates at this time could be a bit [...]
Bank Prime Rate – Variable Rate Mortgage, No change
Bank Of Canada Meeting – No Change Prime or Variable Rate Mortgages
Once again, the Bank of Canada announced it would keep the key interest rate at a record low to achieve its inflation target of two per cent. As such, Bank’s Prime rate will also likely remain unchanged from its current level of 2.25%. This [...]
Bank Prime Rate Unchanged – Variable Rate Mortgages
When the Bank of Canada met yesterday, December 8, 2009, they decided to leave the target for the overnight lending rate unchanged. This means that banks will most likely leave their prime rate also unchanged. Bank’s prime rate currently is 2.25%. This rate is projected to remain steady through to July 2010, after which increases [...]
Variable Mortgage Rate, Prime Rate, Unchanged
Variable Mortgage Rate, Prime Rate, Unchanged
The Bank of Canada announced this morning that it has left the target for the overnight rate unchanged from its current level. This means that banks will most likely also leave their prime rate at its current level of 2.25%. Further to this the Bank of Canada re-confirmed its conditional [...]
Fixed Mortgages Rates Have Risen Slightly, What About The Variable Rate?
Fixed Mortgages Rates Have Risen Slightly, What About Variable Rate Mortgages?
This week we saw fixed mortgage rates increase slightly with the increase in bond yields to maintain spreads. We are still not far off record lows however, so not too much should be made of this increase I believe, yet. This can be a friendly [...]