Quote:
Originally Posted by Izzle
Does this change now that BoC cut rates further? I suspect variable rates would fall but a portion of the cut will be kept by banks.
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We will now wait to see if the lenders reciprocate by dropping their rates and just by how much???
I do know that the discounts are going increase due to the changes that already have happened... meaning Prime - 1.00% will be decreasing to -.80% approx. Some lenders have already started.