Is There a Prime-rate Cut In Our Future?

Darn, I just couldn’t get to this yesterday but I would suggest you take a visit over to Dave Larock’s blog for his Monday morning Interest Rate Update. In it, he discusses how the Bank of Canada surprised market watchers last week by removing its oft-repeated warning about mortgage rates rising faster than most borrowers were expecting.   He explains what led them to this decision and make the case that when the Bank eventually does move its overnight rate, the current data imply that the next move could just as easily be down instead of up.

Looks like rates won’t be climbing any time soon.

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About Marg

is an award-winning real estate Broker who has successfully been helping people move since 1989. When it’s time for a move in or out of a bigger, smaller, better, more expensive, less expensive, newer, older, house, condo, farm, investment property, vacant lot or business, talk to Marg.

This entry was posted by Marg on Tuesday, January 29th, 2013 at 8:41 am and is filed under Money Matters. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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