September 2018 – Clancy’s Mortgage Solutions

Mortgage Agent > Resources > 2018 > September

By: Robert Clancy

Rate Hike by the Bank of Canada

Hi All,

Here is a great article I came across on yet another possible rate hike by The Bank of Canada this year. Its a great read especially if you are a variable rate mortgage holder. With the next meeting fast approaching on October 24th, 2018 many Canadian’s are wondering if now is the time to lock in their mortgage rates.

Today’s Interest Rates

In todays Mortgage Financing Market mortgage rates are changing constantly. Today mortgages rates are based on so many different variables, it is impossible for an adviser to give a true rate quote without actually reviewing the borrower’s application first.

Click Here to read more.

BANK RATES	TERM	OUR RATES
3.89	1-YEAR	1.99
3.89	2-YEAR	1.69
3.39	3-YEAR	1.69
3.89	4-YEAR	1.74
5.34	5-YEAR	1.99
6.00	7-YEAR	3.95
6.10	10-YEAR	3.95
5.34	Variable (3yr-closed)	3.2
5.34	Variable (5yr-closed)	1.8
5.34	Variable(Open)	2.95

Rate Hike by the Bank of Canada

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