May 1st, 2018 Mortgage Industry Update
The Bank of Canada announced on April 18th that it's overnight lending rate will remain at 1.25%. The prime rate thus remains at 3.45% with most lenders. The 5 year posted rate remains at 5.14% with most lenders, however some banks have started small increases. Fixed rates are slightly rising due to recent changes in the bond market.
Additionally this week:
- BILD: Single-family home prices, including detached, semi-detached and townhouses, rose 7.4% year over year in ...
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