The stock markets are up and down - but the interest rates are softening as expected. Canadian mortgage lenders are dropping the interest rates on 5 year money back to 5.09% from previous highs of 5.24% as expected. Will the rates continue to fall ? Time will tell - there is still room for further cuts - it will be interesting to see if a lender tries to bring the 5 year rate below %5 which would be a psychological boost to the market place...the spring market will tell - stay tuned
greygoose ....out
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