No Changes To Prime Rate As Fixed Rates Bounce Around

The Bank of Canada met this morning and, to little surprise, they maintained their overnight rate, keeping Prime at 4.45%.  We have seen fluctuations to the bond market, primarily due to the conflict in Iran, and increased oil prices, which means that lenders have been changing up their fixed rates quite a bit. 

With mortgage rates having come down over 1% in the last year, we are seeing more activity in the real estate market. Finally!

If your rate is over 5% it might be worth a conversation to see if refinancing is worthwhile.  It never hurts to ask!  We are always happy to help answer any of your mortgage questions.