They did it! The Bank of Canada did what
everyone thought they would and slashed the Bank rate by 1/2%! The
banks hesitated but eventually followed suit and lowered their
prime lending rate to 4.75%. Can you imagine the public outcry if
they didnt follow this drop? I wonder would this actually harm the
banks stellar reputation? At the same time by not dropping rates
would this keep a damper on a realestate market that could use a
little kick in the pants right about now? I personally think it is
great news that the rates have come down and that banks also
lowered their rate as well.
Now is a great time to review what mortgage product you are
currently in and what rate you have. Rates are down and spring is
in the air with banks, which means we have some great specials
available. A quick review could save you thousands of dollars.
Contact Conrad to see if you too can save and capitalize on the
current low mortgage rates that are available today.
Call 604-671-5097





