Market update, September 6, 2013

The Bank of Canada is holding its main interest rate at one per cent, where it has been since September 2010.

Economists widely expect the central bank to hold its trendsetting rate steady well into next year, so Wednesday’s announcement came as no surprise.

Great news for variable rate holders! The prime rate for most lenders should stay at 3%, exactly where it has been since September 2010.

This is approximatively what you should expect if you apply for a mortgage today with a mortgage broker. These are the best rates I found today on (http://www.ratehub.ca)
Rates SEP 5

Rates Last Updated on September 6, 2013

Rates may vary provincially and may be subject to change without notice.

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