INTEREST RATES CAME DOWN
April 22, 2009
Update on yesterday’s blog post…
major banks have matched yesterday’s drop in the Bank of Canada’s key overnight bank rate. The lower 2.25% prime rate translates to a 5 year variable rate offering as low as 2.75%! Word is that mortgage rates will remain at this level for the next 12 to 18 months, depending on inflation rates of course, as the Bank of Canada continues to work at getting the economy moving.
Mark your calendar, the Bank of Canada is scheduled to meet again June 4, 2009.
BACK TO BLOG FEED
READY TO CALCULATE A RATE THAT WORKS FOR YOU?
CHECK OUT THE LATEST EPISODE OF HOT PROPERTY ON CP24!
LEARN HOW YOU CAN EARN 1% CASH BACK ON YOUR MORTGAGE.
With current mortgage news, interest rates and relevant trends, our monthly newsletter is another helpful step towards living your monster life.
Published on December 6, 2022
MonsterMortgage.ca Contest Rules (the “Contest Rules”) Each contest (a “Contest”) hosted by MonsterMortgage.ca is governed…
Published on July 13, 2022
A bit of a surprise with the 1% increase today. Most people were expecting a…
Published on June 2, 2022
As expected, the BOC raised the overnight rate by .50%, this means everyone with a…
Published on April 12, 2022
The rising inflation today is because of the low interest rates, global supply shortages, conflicts…
THE MONSTER DIFFERENCE
With over 25 years experience, a long-running CP24 show and industry awards under our belt, we’re trusted industry experts.
We give you the facts your bank won't tell you about reaching your financial goals.
We’re the smarter choice when you need a mortgage expert to shop the market and provide you with options the banks can’t.
We’re known for our transparency and integrity in everything from our relationships to our advice to our customer service.