The lowest mortgage interest rate
Didn't update this resource for a while, but now wanted to make a remark about the lowest mortgage interest rate in Canada for the last decades.
Prime rate is 2.25% now,
5 years variable can be taken now for prime – 0.1%, i.e. 2.15% which is incredible low I must say.
Economy experiences not the best times so this low rate can be something that government uses to warm the activity on market. Since there is no major signs of the recovery I guess such low rate will be for a quite long time.
The Japanese interest rate is near 0% for a long time so why you think it's impossible in North America as well?
Prime rate is 2.25% now,
5 years variable can be taken now for prime – 0.1%, i.e. 2.15% which is incredible low I must say.
Economy experiences not the best times so this low rate can be something that government uses to warm the activity on market. Since there is no major signs of the recovery I guess such low rate will be for a quite long time.
The Japanese interest rate is near 0% for a long time so why you think it's impossible in North America as well?
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Saturday, November 28, 2009.
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