Wednesday, March 2, 2011

Bank of Canada news

The Bank of Canada has left the bank Prime lending rate the same (currently at 3%), which is welcome news for variable rate mortgage holders.

The next review of Prime is scheduled for April 13, 2011 - we'll be sure to keep you posted of any changes!

Until then, just a friendly reminder that the clock is running out on 35-year amortizations.

Hourglass and house real estate conceptOn March 17, 2011, 35-year amortizations and 90% loan-to-value refinance options will disappear. Talk to your Bob Hanscom Mortgage Agency mortgage advisor today if you need to beat this deadline.

Enjoy the day!
Bob Hanscom Mortgage Agency