As expected there is no change to prime rate this morning. This means no change to those whom carry an adjustable/variable rate mortgage or line of credit. The full report can be viewed here http://www.bankofcanada.ca/2011/10/press-releases/fad-press-release-2011-10-25/

Reported last week at www.angelacalla.ca/blog , if you or someone you care about is getting a new mortgage in the near future with the change in the spreads for variable rate mortgage; the consideration of a fixed rate may be suggestible with the closing of the gap the lenders have done over the last few weeks.

If someone that you care about could benifit from a review if their mortgage as their mortgage rate is over 4% or they are carring over $250 a month in outside debts, please introduce us over an email at acalla@dominionlending.ca or call 604-802-3983

Have a great week

Angela Calla, AMP Mortgage Expert

Dominion Lending Centres-Angela Calla Mortgage Team