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Old 2019-12-04, 03:01 PM
MortgageGuy MortgageGuy is offline
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Join Date: Jul 2008
Location: Ottawa, Ontario
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Default Bank of Canada... mortgage rate update...

So the Bank of Canada has ended the year holding their rate steady, for the 9th consecutive time.
Stating the global economy is stabilizing.
https://business.financialpost.com/n...rate-at-1-75-3

Mortgage rates have remained relatively unchanged....
5 yr fixed insured, 2.59% Closing within 90 days, 2.49% if closing before Dec 31st.
5 yr fixed 20% or more down payment 2.69% Closing within 120 days.
7 yr insured still is 2.89%
10 yr insured is still 3.04%
5 yr Variable rate is still Prime -1.10 or 2.85% closing within 90 days
Have a great week,
Dan
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Ottawa-Carleton Mortgage Inc.
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