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bizaro86 · 09-08-2010, 08:07 AM

^ If the BOC raises its rate, the banks will raise the prime rate very shortly thereafter, so your variable rate mortgage rate would go up the same amount.

09-08-2010, 08:07 AM	#1282
bizaro86 Franchise Player Join Date: Sep 2008 Exp:	^ If the BOC raises its rate, the banks will raise the prime rate very shortly thereafter, so your variable rate mortgage rate would go up the same amount.