Rates hikes may be stalled
Bad news is good news for borrowers… problems some European economies and other parts of the world could stall the much talked about and anticipated rates hikes..
Bank of Canada Governor, Mark Carney, said the timing of future interest rate hikes is not ‘pre-ordained’.
This just goes to show that even the best Economists don’t have a magic crystal ball…. Fixed rates are still very low, and Variable rates are even lower… 5 year fixed rates are hovering at around 4.39% and Variable rates are at around 1.90%…
This all adds up to good news for borrowers… Enjoy the low rates!
Steve Garganis View All
As an industry insider, Steve will share info that the BANKS don't want you to know. Steve has appeared on TV's Global Morning News, CBC's "Our Toronto" and The Real Life TV show. He's also been quoted in several newspapers such as the Globe and Mail, The Toronto Star, The Vancouver Sun, The Star Phoenix, etc.