Mortgage Rates Update
By · CommentsI’ve updated the mortgage rates pages to reflect the recent drop in most rates by the major banks. The RBC rates are not accurate at this time however.
The next Bank of Canada interest rate announcement is expected on September 8th. Check back then to see if there are any changes to the Canada prime rate.
I’ve written about what a great deal I got on my current mortgage and line of credit. I can thank my mortgage broker for that. I’ve been referring some Ontario residents to him but I now have another source for getting the absolute best rates. If you are looking for a new mortgage or have to renew one, please take a moment to check out RateSupermarket.ca at the following link: Mortgage rates
They offer an online application with links to both banks and mortgage brokers to get you the best available rate on the day you apply.
Tags: Canada Prime Rate Updates, Canadian Mortgage Rates, current mortgage, bank of canada interest rate, bank of canada, mortgage ratesCanada Prime Rate Up 0.25% Today
By · CommentsAs was widely expected, the Bank of Canada raised its key lending rate by 0.25% this morning.
This brings the rate to 0.75%.
The next rate announcement will be in September and another rise is likely according to analysts.
I’ve added some links below that may help you find the lowest mortgage rates possible for your own situation.
Click here to check on the major bank mortgage rates. These rates will be updated as necessary.
Click here to read my mortgage story and find out how my family is saving thousands in interest.
Click here to get a free online credit report and credit score with a credit monitoring trial offer.
Bank of Canada likely to raise prime rate Tuesday
By · CommentsAccording to a poll last week by Reuters, the Bank of Canada is likely to raise its overnight interest rate Tuesday by 0.25%. This will bring the Canada prime rate up to 0.75%.
Check back here tomorrow morning to get the latest interest rate increase news.
Now might be a good time to investigate how you could save on your mortgage. Click here to find out how my family is saving more than we thought possible.
Tags: Canada Prime Rate Updates, interest rates, canada prime rate, canada prime rate today, bank of canadaNew Mortgage Rates Pages
By · CommentsTo enable you to check on the latest mortgage rates at the major banks, I’ve added 4 pages to the site with mortgage rate tables from the banks listed below. Included are fixed rate mortgages, variable rate mortgages and 6 month to 10 year open and closed mortgages.
Bank of Montreal Mortgage Rates BMO Mortgage Rates
CIBC Mortgage Rates CIBC Mortgage Rates
RBC Mortgage Rates RBC Mortgage Rates
TD Mortgage Rates TD Mortgage Rates
Tags: TD Bank, mortgage rates, canada prime rate, CIBC, Canadian Mortgage Rates, TD mortgage rates, Canada Prime Rate Updates, Royal BankCanadian Mortgage Rates Update
By · CommentsAn update on Canadian mortgage rates after the Bank of Canada interest rate hike today. Here are the current rates at the major banks:
- TD Prime Rate – 2.50%
- RBC Royal Bank Prime Rate – 2.50%
- BMO – Bank of Montreal Prime Rate- 2.50%
- CIBC Prime Rate- 2.50%
However, the Bank of Montreal lowered its five year fixed mortgage rate to 4.25%.
The next Bank of Canada interest rate announcement is due on July 20, 2010. Many analysts are predicting another increase in the prime lending rate.
Tags: Bank of Montreal Prime Rate, Royal Bank Prime Rate, interest rates, RBC Prime rate, Canadian Mortgage Rates, mortgage rates Canada, RBC Mortgage Rates, TD mortgage ratesBank of Canada Interest Rate Announcement June 1
By · CommentsThe Bank of Canada has announced an increase of 0.25% in the Canada prime rate. The new interest rate is now 0.50%
This increase was widely anticipated and is the first interest rate increase in 3 years. Balancing growth and the possibility of inflation were two major factors to consider.
We’ ll follow up later today with any changes to mortgage rates from the TD, RBC and BMO.
