Voted Best Customer Service Canada
Follow us on Instagram Follow us on Facebook Follow us on Twitter Watch us on YouTube Review us on Yelp            
      604.669.6006 | 800.687.9020

Prime Rate at 4.75%

Created: 10 June 2008
Hits: 1319

Prime Rate Remains at 4.75% - Dreyer Group Mortgages Update

June 10th, 2008 -  The Bank of Canada announced  this morning that it will leave its key interest rate the same.   With the key  interest rate unchanged, Lenders are expected to hold their Prime Rate at 4.75%.  Variable-rate mortgages  and home equity lines of credit are generally linked to the Prime Rate and continue to be a favourable option as interest rates remain low.