My mortgage comes due at the end of the month. I'm working (with Mike Oxlong) and from the letter sent to me 2 weeks ago to today, there is a 2% drop in rate for what they are offering (in 5yr fixed, just as a benchmark).
And from what i have read, the only reason there wasn't a .75 drop was the BoC wanted to keep a little more room to drop after the budget is tabled, if required.
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