The Bank of England has cut its overnight lending rate by half point to 1.5%, the lowest since the central bank was founded in 1694.
Many economists believe that the Bank of England will cut rates below 1.0% by the second quarter. The central bank reduced the interest rate by 1.5 percentage points in November and by 1 percentage point in December.
Gina Burgio, Mortgage Agent
VERICO Designer Mortgages Inc.
Toll Free: 1-877-345-6265
Fax: 1-877-345-6256
Email: gina@ginaburgio.com
Each VERICO Broker is an independent owner operator.
Serving Ancaster, Hamilton, Stoney Creek, Dundas, Grimsby, Niagara Falls, St. Catharines, Burlington, Oakville, Toronto, Brantford, Kitchener, Guelph, Milton, Mississauga, and surrounding areas.
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