Good Morning,

No surprises here, prime remains the same. The full press release can be viewed here: http://www.bankofcanada.ca/publications-research/press-releases/

One of the most popular options being considered currently is a 10 year fixed term at 3.89%.  If your mortgage is coming up for renewal in the next year or you are a first time homebuyer who hopes to keep your residence as a rental when you move up the property ladder here are 3 reasons why the 10 year is so attractive right now: http://www.angelacalla.ca/blog_post?id=6955&title=3-reasons-to-consider-a-10-year-fixed-term-today .This option will not last long so getting your information into us as soon as possible will protect you from rate hikes so you can optimize todays low interest rate enviroment. We always review all the options that may be best suited for you.

If you or anyone that you care about that has a mortgage over 4% and would like to save money on on their mortgage, we are here to help personally and work towards making 2012 your best money saving year

Contact us at: 604-802-3983 or acalla@dominionlending.ca

Always here to help, have a great week.

Angela Calla, AMP
Mortgage Expert
Host of “The Mortgage Show” on CKNW AM980 Saturdays at 7pm