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Bank of Canada leaves Prime alone...again!
Surrey, BC - June 21, 2009 - The Bank of Canada as predicted left Prime as is and once again stated their intention to do so until mid 2010 at least.  Fixed rates have been dropping in recent weeks, with more drops likely through the summer.  
 
Variable rate mortgage products continue to make the most sense even in this environment, and we are seeing some more competition amongst lenders, with most at Prime + .60% (2.85%) now, and a few from Prime + .25 - .40% (2.50% - 2.65%).  Fixed rates are now in the 4.15 - 4.34% range for a discounted 5 year.
 
As always, having a Mortgage Strategy in place is always the best plan!
 
Trust your clients to Michael Lloyd & the Invis on the Peninsula team, they will be well looked after and we will make you look good!
About Invis on the Peninsula
Invis on the Peninsula is a group of Mortgage Experts led by Michael Anthony Lloyd who believe in looking after their client's best interests over the long term.  With a combined lending experience of over 75 years they have the experience to find the best strategy for any situation.  Their business is built on a referral basis, the referral of a friend or family member is the greatest compliment they can receive.
 
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Michael Anthony Lloyd is an Accredited Mortgage Professional & member of the Canadian Association of Accredited Mortgage Professionals as well as the Mortgage Brokers Association of BC.
 
The comments & opinions contained within are strictly those of the author, no guarantees are made.  All Rights Reserved Michael Lloyd 2008. 
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Invis on the Peninsula
#104 - 14936 32 Ave, Souh Surrey, BC V4P 3R5 (next to the Black Forest Restuarant/Pub)
Phone 604-536-8208 Fax 604-536-3750