Tuesday, October 19, 2010

Bank of Canada holds the line on Bank Rate and Interest Rates in Canada

Hello,

This morning the Bank of Canada decided to maintain its overnight rate at 1.00%. Usually the prime rate moves along the overnight rate, which means that your variable interest rate will remain the same until the next Bank of Canada meeting on December 7th, 2010.

This announcement has no impact on fixed rates. In fact, the fixed mortgage rates are at ALL TIME LOW.


IF YOUR VARIABLE MORTGAGE RATE IS MORE THAN 2.5% (or a fixed rate over 4.10%) PLEASE CONTACT ME TO DISCUSS POTENTIAL SAVINGS.

Email me if you need more details.


I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com

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