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Originally Posted by Boblobla
Does this mean I will be able to get an even lower percentage on my mortgage?
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If we go with Variable then yes.
Fixed rates might even drop a bit more in the next couple of days as well. When the Bank of Canada drops rates it only affects the variable rates directly. Fixed rates are based on bond yields.
Fixed rates did drop though the last few times the Bank of Canada lowered so we may see some even better deal coming up.