That is the question that is on everyone’s mind right now. We have watched the U.S. lower their prime rate by 300 basis points in the last 7 months. The U.S. Federal Reserve dropped the rate by .75% this month alone. What does this mean for Canadian mortgage rates? We have seen our bank prime rate lowered to 5.25% and further rate cuts are forecasted. This is a window of opportunity for Canadians to review your current mortgage to quickly determine if making a small change will be a cost savings to you. As of today we have variable mortgage rates as low as 4.24% and long term mortage fixed rates from 5.35%. Doing a quick review is a phone call away 604 649-5991 or toll free 1-800-687-9020
My goal is to help my clients acheive financial freedom sooner. Please feel free to give me a call.
