Inflation rate drops

Inflation rate drops. Core inflation remains at 1.6%, well below target range of 2% for Bank of Canada. http://tiny.cc/622gg

Where will that leave mortgage rates? Variable is still a good option. with recent data and slow growth in USA, its unlikely Banks of Canada will raise rates again this year.

Currently a 3 year Variable rate for 2.15% (prime -0.85%) is available.

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This entry was posted on September 21, 2010 at 3:02 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.