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How Often Variable Rates Change

How Often Variable Rates Change

 

 

How Often Do Variable Rates Change? The Bank of Canada can legally change its prime lending rate plus or minus, sixteen times a year. In reality, it normally only changes about once or twice, and is plus or minus .15% to .25% per annum. We can help a home owner in forecasting those rate changes to their advantage. Ask us how!

Watch this video and others on our YouTube channel for #mortgageMonday

 

Do you have questions about variable rates in Guelph, Kitchener, Waterloo, Cambridge and surrounding areas?

Contact us today for help!

 


 

 

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