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Bank of Canada Holds Steady On Prime Lending Rate

Author: Keith Uthe Demystifying Mortgages | | Categories: Construction Mortgage , Debt Consolidation , Home Mortgage , Licensed Mortgage Agent , Lowest mortgage rate , Mortgage Associate , Mortgage Broker , mortgage interest , mortgage preapproval , mortgage prequalifying , Mortgage Rates , Mortgage Refinancing , Mortgage Specialist , Rental Property Financing , Second Mortgage

Bank of Canada Holds Steady On Prime Lending Rate - Blog by Keith Uthe Demystifying Mortgages

The Bank of Canada has once again decided to hold the prime lending rate at 1.75%.  What this means for borrowers is that the prime rate used for most lenders is 3.95% in calculating adjustable/variable-rate mortgages.  Contact me with questions or requests for more information.