Well I thought my predictions would be better than they are.  Bank of Canada went down and most lenders went down with it.  As of April 1st most of the Canadian Lenders will drop their prime to 2.5%  All of those people who got adjustable rate mortgages at Prime -.90% are laughing all the way to the bank to pay thier rediculously low mortgage.  I didn't see this drop happening so soon and now I am baffled by what could happen in June when the next meeting occurs.  This is truly a buyers market with this low interest rate, it's truly the time if you are waiting to pick up a home for a great deal and purchase it when the interest rates are great.

With this drop I am going to predict that in June that it will stay the same.  But who knows.  Anyone else out there got some ideas let me know.

 

Lynn Meldrum

Verico Canada First Mortgage

403-554-9142

 

 
Posted by Lynn Meldrum on 03/04/2009 08:40 PM   Comments (1)  
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1 Comments on Predictions again???????????????

MAR
04
2009
177,370 Points 2 Featured Posts Outside Blog

Lynn, I'm still trying to find my crystal ball!!!  Your guess is as good as mine... but I also guess that your rates are different than mine in Texas.  I actually have a buyer I'm working with here who is from Calgary... Great guy!
9:47pm • #1


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Lynn Meldrum

Calgary, AB

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Lynn Meldrum with Verico Canada First Mortgage

Address: Calgary , AB, T2J 6X8

Cell Phone: (403) 554-9142

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