Mississauga Mortgage Brokers Mississauga Mortgage How to get the best rates How to buy a home Buying a home GTA

Rates, Exchange Rates & Bonds

Bank of Canada Interest Rate

December 4, 2012 1.00 %
January 23, 2013 1.00 %
March 6, 2013 Next meeting date
Source: Bank of Canada Bank Prime Lending Rate

December 5, 2012 3.00 %
January 24, 2013 3.00 %
March 7, 2013 Next meeting date
Source: Bank of Canada

Conventional Mortgage – 5 Year Rate*

November 21, 2012 5.24 %
December 19, 2012 5.24 %
January 23, 2013 5.24 %
Source: Bank of Canada*Determinant for high ratio mortgage variable qualifying rate 


US Federal Reserve Board Discount Rate*
December 11, 2012 0.00 % – 0.25 %
January 30, 2013 0.00 % – 0.25 %
March 20, 2013 Next meeting date
Source: US Federal Reserve*US Federal Reserve has indicated it will now keep this rate until unemployment reaches 6.5% 



Exchange
Rate $CDN ($US)
December 31, 2012 1.0051
January 17, 2013 1.0140
February 4, 2013 1.0014
Source: Bank of Canada

Government of Canada Bonds
Bond Type December 19, 2012 January 9, 2013 January 23, 2013
1 year Treasury Bill 1.10% 1.10% 1.07%
3 year BenchmarkBond Yield 1.22% 1.24% 1.20%
5 year BenchmarkBond Yield 1.40% 1.44% 1.40%
10 year BenchmarkBond Yield 1.84% 1.91% 1.87%
Source: Bank of Canada

 

No comments yet.

Leave a Reply