Quote:
Originally Posted by Mike Oxlong
Wow. I am surprised that they dropped again. The Bank of Canada overnight rate is now at .25%. They can only drop it once more and then they have hit absolute rock bottom. I don't know if they can even go to 0%.
In one of the articles I was reading it said they are planning to leave it there until at least mid 2010. Variable rate holders can rejoice for a while it looks like.
|
Does this mean I will be able to get an even lower percentage on my mortgage?