Bank of Canada rates – July 7, 2010 update
Keeping you up to date with the rate shifts at the Bank of Canada for this week:
| V121796: Prime business (‘prime rate’) | ||
|---|---|---|
| 30/06/2010 | 2.50 | |
| V121764: Conventional mortgage – 5-year | ||
| 30/06/2010 | 5.89 | |
Source: Bank of Canada**NB** The “Conventional 5-year” rate above is used for qualifying high-ratio mortgages with FIXED 1,2,3,4-year terms in addition to 3- and 5-year VARIABLE rates at most lenders.
Keeping you on track,
James C. Tworek and the Trimor team!
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