06/05/2023
**BREAKING NEWS: INTEREST RATE UPDATE**
RBC hiked its 1 to 5 year fixed rates by 20 basis points, or 0.20 %, while National Bank increased its 1-3 year rates by 10-15 basis points.
Canada headline inflation reading ticked up to 4.4% in April, by increase in rents (+6.1% over year), gasoline (+6%) and mortgage interest costs (+28.5%). It marked the first month over month increase in inflation since June 2022.
The next scheduled Bank π¦ of Canada rate announcement will take place on June 7. ποΈ
If you are planning on buying or renewing your mortgage, get in touch with me to explore your possibilities before its too late. We have access to more than 50 lenders, including banks, credit unions, trust companies, and private lenders, providing you with the most options.To get started with your approval, Pick up your phone π± and give us a call at
π902-817-7718
π§ [email protected]
πͺ©www.narulamortgages.com
to get you approved for best rates. ππ