Quote:
Originally Posted by amorak
I was talking about Prime, obviously, as that is what mortgages (you know, the subject of this thread) are pegged against... |
Variable is based on prime fixed is often based on the corresponding bond yield. I wasn't really being serious though. It was in jest because of the way people were talking about "bank of Canada putting rates @ 8.0% and in the same sentence talking about an 8.0% mortgage"