The big banks have cut their prime rates after RBC became the first to make a move. The bank had already reduced its mortgage rate but the prime rate cut will also make a difference to other loan products. It stopped short of passing on the full 0.25 per cent reduction that the BoC made to its lending rate last week and cut 0.15 per cent. While borrowers may be rejoicing at the lower costs of their loans, for savers it’s not such good news; some lenders have already trimmed back the interest paid on savings and investment accounts, by the full 0.25 per cent of course.
Jamie Henry
About Me
- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
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