Mortgage Interest Rates, Can they go lower??????

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Mortgage and Lending with Lynn Meldrum with Verico Canada First Mortgage

Well it looks as though mortgage rates did some lovely dropping in the last few weeks along with the drop in Prime rates and in March who knows every economist that I've read in the last year keeps telling us that the interest rates will be going up (who needs any more doom and gloom).  in the last year they have consistlently gone down.  from January 2008  till January 2009 prime rate has gone down 1.75% here in Canada.  I do know that it's our well oiled machine we call the government of Canada that has helped this along.  I would just like to know all you folks out there in Canada what are some of your predictions.  Clearly we have no idea but I am putting it out there that the next meeting of the Bank of Canada will keep prime rate as is and the meeting in june will drop it a quarter of a percent.  Any others out there who would like to take a stab in the dark.  Let me know

 

Lynn Meldrum

Mortgage Specialist, Verico Canada First Mortgage

403-554-9142 

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