4 March 2008
Mortgage Rate Upddate (a big one)
Posted by Ryan Coffey under: Uncategorized .
Hi Ryan,
Bank of Canada met today and gave a 0.50% interest rate drop. We will look to see the banks follow suit and adjust their prime lending rate…if so, that would put Prime Lending Rate at 5.25%. With a good discount off of Prime you could be looking at 4.65%.
M
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