Great news from the Bank of Canada today – they’ve decided to hold the prime lending rate steady at 4.95%.
This is especially good news for clients with HELOCs or variable-rate mortgages, as it helps provide some much-needed stability in a changing market.
As for fixed rates, we’ve seen a bit of fluctuation recently due to rising bond yields over the past two weeks. While things are shifting, I’m keeping a close eye on the market to make sure your clients are always getting the best rate and product available.
Whether it’s a purchase, refinance, or upcoming renewal, I’m here to support you and your clients every step of the way. Let’s keep those approvals rolling in!
If you have any clients ready to chat, feel free to send them my way.
Talk soon,
Patricia McKean
Mortgage Broker – Mortgage Architects
403.875.2969
patricia@patriciamckean.c