Last week, I made a bold statement about interest rates. I said rates will remain low for some time. And they could even decline.
That forecast was met with a certain degree of criticism. Well, no surprise for CanadaMortgageNews.ca followers, the Bank of Canada cut the rate by 0.25% to 0.75%.
This means Variable Mortgage rates will fall by 0.25%. It also means we’ll probably see fixed rate mortgages also fall….. As I predicted.
Stay tuned for more details on this…
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