Bank of Canada increased their overnight rate on July 20, 2010 by .25% which brings the prime rate to 2.75%. Variable rates are still a great deal and now the best 5 year closed variable is at prime – .65% or 2.10%.
To watch to video clip from Global News please click here…
Kim Gibbons, ” Your Mortgage Superhero ®”
Mortgage Broker
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416-400-8107
kim@mortgagesuperhero.com
www.mortgagesuperhero.com