It's Me Again!

Mathieu Fugere - Mortgage Broker

Broker financial group

mat@fugeremortgage.ca
416-945-9123
http://fugeremortgage.ca

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Another Interest Rate Increase

 

Here is some good info on the recent rate change yesterday.

http://www.cbc.ca/news/business/bank-of-canada-rate-decision-1.4276837

Following the change, one lender has lowered their discount to prime - 0.95%.  So for people who are in the -0.40% to -0.50% range, a switch into a lower discount might be advantageous depending on your time remaining in your existing term.  

I also have a 3 year fix at 2.49%.

Before panicking and locking in with your existing lender give me a call for a quick chat!  

A switch/transfer can be done without legal fees or appraisal so its worth considering if the numbers work.

Cheers!



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