*Updated* Ongoing Bank of Canada Benchmark Rate Announcements

[chemgear]

Canada 5 year bond rates have trending up. Gotta see how much the budget deficit will balloon whenever we finally get to releasing it.

[powderjunkie]

Originally Posted by NinePack

I just received an email, still 3.74% 5year, 3 year is 3.94%

And 5 year variable is prime -.85

I am going to wait till June 4th, still not sure what to do, I always like my fixed rate though.

Who was offering that 5 year rate? We've gotten the same offer for 3 year, but 5 has been higher...

[NinePack]

It is through First National. Not sure which lender they found.

[NinePack]

If I was to do 3 years it was 3.99%

[opendoor]

First National is the lender, they're not a brokerage. I renewed with them a couple of years ago and found them to be pretty aggressive (as in they were offering competitive rates) at renewal. It took a couple of emails back and forth, but I was able to get a rate as low as I saw anywhere.

[NinePack]

Originally Posted by opendoor

First National is the lender, they're not a brokerage. I renewed with them a couple of years ago and found them to be pretty aggressive (as in they were offering competitive rates) at renewal. It took a couple of emails back and forth, but I was able to get a rate as low as I saw anywhere.

Yes . Thanks the correction just had it backwards. Yes first national is brokerage.

[bizaro86]

Originally Posted by NinePack

Yes . Thanks the correction just had it backwards. Yes first national is brokerage.

First National is not a brokerage.

They're one of the lenders a broker would be likely to use.