Thursday, September 15, 2011

Changes in Variable Rtaes

There are some changes to the rates today. The trend seems to be lower on the fixed term rates but less discount on the variable rates.

Top 5 Chartered Banks have lowered the amount of discount on the Variable Rates and have decreased the 5 year rates. You can now get a 5 year at 3.29% and a Variable rate at Prime minus .40%.

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