Bank of Canada Cut Rates to Record Low - Dreyer Group Mortgages - Jan 20
The Bank of Canada has chopped its key
interest rate by another .50% to its lowest rate ever. The banks
did follow immediately today and lowered their prime lending rates
to 3% from 3.5%. As well, good news finally for fixed rate mortgage
holders, the banks lowered all their fixed rates mortgages today.
The best 5 year fixed mortgage rate is 4.49%. Because of our
large volumes, we can offer the same 5 year
fixed mortgage rate at 4.39%. Good news too for those in
variable rate mortgages whos rate is tied to the incredibly low
prime rate.
If you or anyone you know are in need mortgage financing, give me a
quick call. Now is the time to borrow or recheck your existing
mortgage to see if switching it to a new rate make sense and saves
you money.
On your side. Jared Dreyer Accredited Mortgage Professional 604 649-5991
