Tag Archives: mortgage rates

The Flip Side about switching to a lower mortgage rate

There has been quite a lot of buzz about the recent article posted on CBC news about the post on the current low mortgage rates, and it suggests that now may be a great time to break your current mortgage … Continue reading

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Mortgage Update: 5 year fixed rate drops to 3.49%!

Fueled by declining stock markets, and universal fear regarding global debt, bond yields are decreasing which is providing downward pressure on fixed interest rates. The best 5 year fixed rate is currently 3.49% for purchases that are closing within 45 … Continue reading

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Bank of Canada holds key rate at 1%

In no rush to hike interest rates   The Bank of Canada held its trend-setting Bank Rate at 1.25 per cent on May 31, 2011. This marks the sixth consecutive policy rate announcement for which interest rates have been kept … Continue reading

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Bank of Canada maintains key rate at 1%

Boosts outlook for Canadian economic growth The Bank of Canada kept its target for the overnight rate at one per cent for the third consecutive meeting on January 18th, 2011. Correspondingly, the Bank rate remained at 1.25 per cent and … Continue reading

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50-50 Mortgage Option provides best of all worlds

Despite rumours to the contrary, mortgage rates have never been better! You can take advantage of all time historic low rates…3 year fixed at 2.90%…5 year fixed at 3.45%. Variable rate financing at prime less .70 !! With the prime … Continue reading

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Interest Rates Go Up as the Housing Market Goes Down

For the second time in two months, The Bank of Canada has raised its benchmark overnight rate by one-quarter of a percentage point to 0.75% today and has revised their economic prediction that the economy is unlikely to return to … Continue reading

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