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Variable Mortgage Rates Increased but can you still get a cheap mortgage

July 22, 2010

The Bank of Canada has announced another quarter point rate increase, raising prime to 2.75%.

Does this mean a lot more money out of your pocket? How does this affect your variable mortgage? Should I lock in or take a fixed rate mortgage?

Watch this week’s video blog and learn more how this recent interest rate increase can actually save you money with bigger discounts to the prime rate.

Don’t hesitate to call MonsterMortgage.ca if you have any questions about how this Bank of Canada interest rate hike impacts your mortgage and current interest rate