Friday, January 4, 2008
Oil and Gold On The Rise
We are seeing gold and oil rise to new historic levels. This is making alot people concerned about interest rates. Why? If history is any indicator, when these two factors rise, this usually means Canadian mortgage rates will rise as well. This could spell the return of inflation. On the flip side the economy in the US has unemployment rising which is calling for lower prime rate down south. These are some very interesting times in the Canadian mortgage market.