Canada's prime down further rate cut possible

By
Mortgage and Lending with Verico Best Mortgage Loans inc. (12625)


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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Rainer
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Beth Jeysman

(Lic M08000227)