Monday Morning Interest Rate Update for August 29, 2011
Guest Post By David Larock Canadian lenders lowered their variable-rate mortgage discounts last week and for the time being, prime minus .90% is a thing of the past. (The prime rate is currently at 3%, so prime minus .90% works out to a five-year variable-mortgage rate of 2.1%). Most lenders lowered their discounts by 20 [...]



