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Old 01-30-2015, 08:54 AM   #1
Mortgage Made Easy
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Post CDN Dollar Down more - CDN GDP falls short....

It's an interesting Friday folks.

Canada GDP shrinks on biggest factory drop in six years

Loonie tumbles this morning again to $0.7848.

Oil is up slightly to $45.43 but as we have all seen, gas at the pump is up about 0.10 cents per litre today.

And 5 Year Bond Yield is down again today to 0.629%. Based on this, we should see 5 year fixed rates around 2.20% or so...

I will have a full rate update this weekend... for Monday morning. PM or call if you have questions in the meantime... thank you and have a great weekend everyone!
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Old 01-30-2015, 10:41 PM   #2
cdware
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Loonie looks to keep going down... time to just stick with variable for the next year?
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Old 01-31-2015, 06:51 AM   #3
Mortgage Made Easy
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Originally Posted by cdware View Post
Loonie looks to keep going down... time to just stick with variable for the next year?
The variable does look good for another year or so. It is expected that BoC will cut rates again in March or so.

If you can l, keep your payments up so that you have more money going towards principal. Take advantage while the rate are low.
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Tim Lacroix | 403-648-1541
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If you have any questions please feel free to PM me or email forums@timlacroix.com

Click here to View current Mortgage Rates

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