Canada's prime down further rate cut possible

By
Real Estate Mortgage Broker with Verico KC Mortgage Services (lic 10410) indep owned and oper


Canada's prime went down 0.25% last week to 5.75%.  The possiblility of another decrease is possible due to the effects the American market is having in Canada.  

The rates today are as follows:

 

6 months      6.50%

1 year          5.74%

2 year          5.99%

3 year          5.99%

4 year          5.99%

5 year          5.79%

7 year          6.20%

10 year        6.30%

 

Many variable rate options including introductory rate of prime less 2.51% 

 

Take advantage of the low rates and consider transferring from your existing lender.  Its easy and most or all expenses are covered.  

Consider refinancing to do that renovation or consolidate debt----or both

 

 

 

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Location:
Ontario
Tags:
low rates
burlington
oakville
flamborough
hamilton
mississauga
mortgages

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Beth Jeysman

(Lic M08000227)
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