myfive
Active Member
5 yr mortgage rates went down again today. Back to 3.99%! yay! (well, I don't need one, but...)
This is interesting. Often we've seen the mortgage rates lead the BofC rate. I wonder if the BofC is going to hold the line on rates in July while most are expecting an increase.
We know Canada was pushing for more budgetary control at the G20 and seemed to make some progress. Perhaps as a concession we were asked to hold the line on our rates in return to incurr some inflation. 100% speculation on my part, but bears watching.
If you want to make gobs of money in an inflationary environment with low interest rates i don't need to tell you where your money needs to be.
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