Jared Dreyer of Dreyer Group Mortgages offers advice on Financial topics that affect Canadian loans, mortgages and investments.
Monday, January 19, 2009
Prime Rate ToDrop?
We should see the prime rate drop by .50% tomorrow. Most economist's are predicting a drop by that much.I believe we could see a .75% drop and we do need the banks to match the full drop. The banks should already be lower by .25%, that they have held back already. If they do not pass on the full savings, we should see a lot of pressure from the Canadian government to pass on the savings to the consumer.