The Fed’s short-term rates matter, but the main action now is in the 10-year Treasury market, which influences mortgages, ...
If you have less-than-stellar credit, you may be classified as someone who is "subprime," which means your credit score is lower than what's required to get the best, or "prime," interest rates.
Craig Sebastiano is a personal finance writer based in Toronto. He was previously the managing editor at Ratehub.ca and has written about credit cards, mortgages, banking, investing and investment ...
The prime rate dropped to as low as 2.25% in 2009. Interest rates stayed low for a while. As the economy showed signs of life, the BoC began raising rates again, but the prime rate stayed at 3% ...
the prime rate follows by the same amount." But there's more to consider. On home equity loans, you'll pay interest on the full approved amount from the start. On a HELOC, you'll only pay interest ...
Canada’s jobless rate has fallen for two consecutive months, as it dropped to 6.8 per cent in December from a recent peak of ...
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