Friday, January 23, 2009

Candian Mortgage Rates Drop To Historic Levels

We have seen the banks in Canada, finally lower the rates to help the consumer. The bank of canada reduced there rate to a historic low level of 1%, the banks did match the rate cut. Bank prime is now at 3.00%. We have also seen the fixed rates lower to record low levels! this is all very good news for the consumer. This should start helping build the confidence that everyone needs.

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