as this year's 90th President of the Kiwanis club of Ottawa - i was participating in the Bedzz race on the Rideau Canal yesterday - it was a great day with 39 teams pushing modified hospital beds down a 100 metre course on the frozen Rideau Canal. it would appear we raised over 40K for the Kiwanis Club of Ottawa - sponsored youth programs like our Read a thon which in 6 short years has reached 223 schools world wide in 11 countries and over 50,000 children per year.
Interest rates are dropping the cracks are forming in the wall posted by the major lenders - they are now starting to compete for business by dropping their rates - but is it interesting many are refusing to provide the best rates for their pre-approvals, why ?...because there is work involved and many do not become solid transactions - so they are only providing the best rates when people actually have a property to finance...rates are as low now as 5.49% for 5 years...and i still think they will continue down into the spring...
call us if you want to purchase or refinance
greygoose out....613-563-5083
Sunday, February 10, 2008
Tuesday, February 5, 2008
roller coaster ride
isn't it amazing how one headline can change the perception of 'so called' investors
The US data comes out and once again a report outlines 'US heading for a Recession'
the stock market tanks and people panic.....welcome to reality - as Tim McGraw says in his song..i'm already there..take a look around......
the recession is upon us - the markets are slowing - rates will drop - and the world will not come to an end.
For now - take the floating rate
the 5 year dropped today below 5.79 - we actually have a quick close of 5.65%
and 4 year money below 5.50%.....stay the course unless you are nervous....rates will come down some more .....
greygoose out
The US data comes out and once again a report outlines 'US heading for a Recession'
the stock market tanks and people panic.....welcome to reality - as Tim McGraw says in his song..i'm already there..take a look around......
the recession is upon us - the markets are slowing - rates will drop - and the world will not come to an end.
For now - take the floating rate
the 5 year dropped today below 5.79 - we actually have a quick close of 5.65%
and 4 year money below 5.50%.....stay the course unless you are nervous....rates will come down some more .....
greygoose out
Friday, February 1, 2008
groundhog day -2008
tomorrow morning it will be groundhog day. the snow keeps coming down and it looks like we will be under a blanket of 30cm by the time its over. But it reminds me of the movie.....
it will be deja vue all over again as yogi berra would say.
interest rates are dropping slightly - the press is becoming slightly less negative - i still believe its time to take a floating interest rate of say prime less 1% for a year and ride the wave until we hit bottom on the 5 year term - which i believe will be below 5.50
time will tell - in the mean time - the best option is refinance the equity in your home and eliminate credit card and other debts - cash is king- but cashflow is checkmate......
greygoose out
it will be deja vue all over again as yogi berra would say.
interest rates are dropping slightly - the press is becoming slightly less negative - i still believe its time to take a floating interest rate of say prime less 1% for a year and ride the wave until we hit bottom on the 5 year term - which i believe will be below 5.50
time will tell - in the mean time - the best option is refinance the equity in your home and eliminate credit card and other debts - cash is king- but cashflow is checkmate......
greygoose out
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