Interest rate updates
"It looks like the 5 year rate will continue to drop this week. Most lenders are at 3.89%. Bank of Canada as expected has also decided to not raise the bank rate and continues to hold at 1%. Most analyst are expecting the rates to stay low for at least 2 more years. Next rate announcement is in July."
This is a quote from one of my professional partners, Rob Townsley - Mortgage Consultant. A great time to get in a mortgage approval.