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fixed rates: Five-year fixed rates at 4.99! - 12/15/08 11:40 PM
My friend Rita from Mortgage Alliance, here in Dundas, is on top of things once again. Here's a little insight from her on mortgages in this challenging economic time:
"It looks like those who are sitting in variable rate mortgages or credit lines,  are getting an early {New Year's gift} this year. As expected the Bank of Canada did announce a drop in the overnight rate {before Christmas} but what was a little surprising was the fact that it was a full .75% drop.... That places the overnight bank rate at 1.75% which is the lowest since 1958. The Bank's have dropped their Prime … (0 comments)

 

Robert Morrow

Hamilton, ON

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Chase Realty Inc. Brokerage

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Blog by Hamilton Home Review's editor, Robert J. Morrow, a licensed Realtor with Chase Realty Inc., in Ancaster, ON, Canada.


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