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Bank of Canada Increases Rates.

Subject: Bank of Canada Increases Rates.
Send date: 2010-06-03 13:54:18
Issue #: 17
Content:
Durham Mortgage Newsletter
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1

Elfie Hayes | Mortagage Intelligence

The Bank of Canada increased the overnight Lending rate which has translated into  increases of Variable Rates by .25%   This will certainly be the first in a series of rate hikes .  We are still in historically low rates and as mentioned in the past, one should review their entire financial plan before making a decision  to lock into a Fixed Rate at this moment.

What’s your risk and payment tolerance?   Increasing the existing payment on a Variable Rate Mortgage can still be the best strategy to get the biggest benefit from this option. We are here to answer questions about your personal situation. Just call or email us.

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Next week is the last week of our “Celebrate Spring Contest”, so if you or someone you know needs a mortgage, Apply On-line to Enter to Win!

Elfie Hayes

Lowrate.ca

 

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** Interest Rates are provided for information purposes only and are subject to change at any time without notice.  The products listed above are available only in Canada to Canadian residents.  Rates shown are for single-family residential properties only and are subject to meeting all lender credit granting criteria. Rates shown above may be specific to the sender and some conditions may apply.  E&EO

Mortgage Agent Lic # M08001377* Mortgage Brokerage Lic # MI10428 * The information and opinions contained in this document are obtained from various sources and believed to be reliable, but their accuracy cannot be guaranteed. The publisher assumes no responsibility for errors and omission, or for damages resulting from using the published information and opinions. This document is provided with the understanding that it does not render legal, accounting, or other professional advice. Whole or partial reproduction is forbidden without written permission.



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