Monday, July 26, 2010
Mortgage Rates In Canada Dropping
We are seeing a continue trend in the mortgage rates going lower in todays canadain mortgage market. As metioned earlier,i believe the bank of canada is doing all the right movees now, by rasing the prime rate. This is allowing great flexability for the bank of canada. If the US economy does not pick up more speed and actually slows down. The US will need to lower rates even further to stimulate and bank of canada will need to follow. This way the increases in prime can be lowered back down as they need to provide stimulus in the marketplcae.