This year we have seen incredible changes in the Mortgage world. Interest rates dropping and Prime as well.
How low will they go? This is the question we all ask. After a modest increase yesterday, oil has taken another dip today. Factors such as this will keep rates where they are lower. April will be the next potential change in Prime according to the Bank of Canada. If Prime drops again we could be looking at Variable rates below 2%.
Now is the time to start conversations about your first home purchase or any other mortgage decision you need to make.
Give me a call today!