Jared Dreyer of Dreyer Group Mortgages offers advice on Financial topics that affect Canadian loans, mortgages and investments.
Friday, July 3, 2009
Banks Continue To Profit On Mortgages
Since my last blog, we have seen the bond yield on the 5 year rate drop in the consumers favor. The banks have not followed suit as the spread is very profitable for them at the current levels. If the bond trend continues to go lower,the banks will be very slow to pass on the savings to the consumer.