VERICO Designer Mortgages

Bank of Canada cut its overnight lending rate by 0.25% to a historic low of 0.25%.

The Bank of Canada also stated that it will keep the key overnight rate at 0.25 percent until mid-2010.

Various Canadian Banks quickly cut their Prime Rates following this announcement by 0.25% to 2.25%.

The Bank of Canada’s next rate announcement is due June 4.

Gina Burgio, Mortgage Agent
VERICO Designer Mortgages Inc.
Toll Free: 1-877-345-6265
Fax: 1-877-345-6256
Email: gina@ginaburgio.com
www.ginaburgio.com

Each VERICO Broker is an independent owner operator.

Tags: Bank, Bank of Canada, Bank Rates, CMHC, Debt Consolidation, HELOC, Home Loans, Interest Rates, Line of Credit, loans, Mortgage Rates, Mortgages, Prime Rate, Property, Real Estate

This entry was posted on Wednesday, April 22nd, 2009 at 8:17 am and is filed under Bank of Canada, Banks, CMHC, Debt Consolidation, Interest Rates, Lines of Credit, Mortgage Rates, Mortgages, Real Estate, loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.