mortgage rates drop: Variable Rate Drops less than Prime - 10/08/09 01:45 PM
After staying over a year for over the prime, the Variable rate dropped less tha prime for the first time yesterday. There has been a significant drop in mortgage rates in the past week even for fixed rate mortgages.
The low variable rates however come with a catch. They are for short closings of less than 60 days and come with reduced pre-payment previleges. For someone who is not going to pay-down sooner, these will be perfect.
No wonder, the real estate sales keep going higher and higher everyday in the GTA.
Fir best mortgage rates, check my website or send … (1 comments)

mortgage rates drop: Seems no one knows where we are headed - 04/21/09 02:09 AM
Where are we heading? How are we going to find a solution to a problem whose extent is not known. Everyday, in Canada, we get to hear contradictory news. One day the PM says our economy is stronger than other nations facing recession and at the same breath the Finance Minister says that the economy is in bad shape and we haven't hit the bottom.
I guess we have to stop listening to the politicians and start listening to Bank of Canada that admits that ecenomy is much worse than thought out to be and incidently dropped overnight lending rates by another 0.25 basis … (0 comments)

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