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About Mortgage LogicFinding the right mortgage for your circumstances is important to us. As Accredited Mortgage Professionals (AMP) we offer the highest level of integrity, customer service and industry knowledge.
- The Bank of Canada (BoC) today announced that it will be doing nothing with their key overnight lending rate, thus leaving the Prime lending rate at major FI's the same. The Prime lending rate will remain at 2.7% which is the base rate for virtually all variable/floating or adjustable rate lending in Canada. WIld new things are happening in the world economy: Oil prices remain lower Interest rates have turned negative in Europe & Japan There is a chronic shortage of demand for goods… Read More
- A client of ours recently wrote about their experience for others to benefit: "For us, dealing with someone we trusted who had extensive experience in the mortgage lending field was a necessity. Having worked in financial services for a while, I’m lucky to know a few good mortgage brokers, however if you don’t have anyone in your network that you would like to work with then ask friends and co-workers for referrals. Whether it’s your first mortgage, a renewal or a… Read More
- The Bank of Canada announced today that it will be holding the line on any Bank interest rate changes at this time. With a slower Canadian economy (projected GDP growth of 1.5%) vs. the US (projected GDP growth of 2.8%), there is definitely a divergence in trend between the U.S. and Canada. The Bank Rate will remain at 0.5% and the Prime Rate of interest with major FI's should remain at 2.7%. It would be handy for the BOC to lower… Read More