Bank of Canada Cuts Rate

Your line of credit rates will be reduced by another 0.50% due to another reduction in Bank of Canada rate. This is great news but I think there will be further reductions to stabilize this slowing economy.

If you are buying a new home or refinancing your mortgage then consider adjustable rate mortgage to ride the wave. It looks like rates will remain low until fall 2009 or early 2010.

Thank you

Joe Malek, AMP
Accredited Mortgage Professional