Mortgage Rates In Canada Going Down

Well Europe gets a 1 trillion dollar bailout and the stock market gets the green light to go up. What does this mean for the Canadian mortgage holder or people going to buy a home? Rates on the fixed rate have dropped by .15% due to the bailout in Europe. Now with Europe not stable, there is not as much pressure for the bank of Canada to raise the prime rate. Watch for a continuation of excellent rates for the rest of 2010 or for this week at least.