Thread: Mortgage Broker
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Old 07-15-2015, 09:27 AM   #122
fundmark19
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Join Date: May 2009
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Quote:
Originally Posted by MillerTime GFG View Post
BoC just announced they are cutting the overnight rate from 0.75 to 0.50. Expect banks to follow suit shortly; whether fully or partially.

Good news for those with variable rates.
Not that good of news since TD decided to only go down .1 and I assume everyone will follow. It is kind of a joke that the big banks continue to not pass the discount along to the consumers and raking in the cash.
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