The Bank of Canada decided to decrease
their lending rate by 25 bps - December 5, 2007. This will result
in a Prime Rate of 6.00%.
For those in variable rate mortgages this is good news. As well,
people with Line of Credit Mortgages can take advantage of this cut
as this particular product - if secured - floats with prime.
This cut puts variable rate mortgages as the same effective
interest rate we saw in the summer. When you consider that fixed
rates increased by 25 bps, the gap between variable and fixed rate
mortgages is beginning to make the variable rate much more
attractive again.
Thursday, 17 May 2012
Green Hosting
Corporate Office
#308 - 15252 32nd Avenue
South Surrey, BC V3S 0R7
Telephone: 604.536.3802
(For all correspondence)
Verico Broker Network
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About Dreyer Group
Dreyer Group is a member of the VERICO mortgage brokers network. We can help anyone nationwide, but we primarily serve BC residents in the lower mainland including Surrey, South Surrey, White Rock, Langley, Delta, Vancouver, North Vancouver, West Vancouver, Burnaby, New Westminster and Coquitlam. Dreyer Group Mortgages can provide mortgage solutions to US residents, non-residents, new immigrants and the rest of Canada. No matter where our clients are located, we are committed to providing the best mortgage rates and options in the marketplace.
About Verico
VERICO is a national mortgage brokers network. As an assembly of independently owned and operated mortgage brokers, VERICO brokers are comprised of the most trusted mortgage professionals in Canada that adhere to the highest standards of service based on professionalism, expertise and ethics. The VERICO Mortgage Network includes over 40 of Canada's most respected mortgage lenders and insurance suppliers.
