Posted on 10 December 2009. Tags: Fixed, Mortgage, Variablerate
“Wow!” you say to your spouse as you hit the brakes on the car. “Did you see the mortgage rate those guys are advertising?” Your worries are over, you’re thinking. Just lock in a rate like that for the next ten years, and you’ve got it made.
Not so fast. That rate may not [...]
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Posted in Canadian Mortgage Rates
Posted on 07 December 2009. Tags: Canadian, Factors, Fixed, Influence, Mortgage, Rates, Variable
The turbulent past few weeks in the global economy has been playing havoc with interest rates as the Bank of Canada was among several global central banks to drop their prime lending rates to try and slow down the economic downturn. The typical reaction from the Big Banks is to follow the Bank of Canada’s [...]
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Posted in Canadian Mortgage Rates