WTF? (what’s the forecast??)
WTF? (what’s the forecast??)
Hmmm.
With the dollar at par and discussions of inflation ... Where are the rates headed?
While predicting rates is about as accurate as the weather ... Here are some insights given where the market stands today (keep in mind ... If a grasshopper hiccups things could change)
FIXED: Bonds have slid down slightly from the fixed rate jumps of a few weeks ago. While lenders to have some room to reduce rates many suspect they won’t quite yet. We generally see decreases start in the form of “quick close” specials and limited lender offerings ... So far we are waiting to see them materialize.
VARIABLES: Prime rate could see some changes with the next BOC meeting due to inflation and the rising dollar ... For the time being no definite comment from the chair. I think the first few weeks of the new year will give us an idea of what is ahead .... Stay tuned!
Questions ... Give me a call ... I would love to hear from you!
Tom Potter 604-859-2341 or 1-800-668-8661
Mortgage Info provided by:
Lisa Manwaring, AMP – Mortgage Broker/Owner
Meridian Southwest Mortgage Group Inc.
P: (604) 943 8943 F: (604) 943 8942 C: (604) 805 1833
e: lisa@southwestmortgage.ca