The Federal Reserve has cut their "rate"
again by 50 bps attempting to defend against the feared recession.
I've listened to news reports within the last 24 hours - speaking
about the US housing market to heat up again! Forever, the
optimists I think!
In Canada, we are starting to "see" Lenders lowering their rates
(especially, their benchmark 5 year fixed rates). The Bank of
Canada meets again in March with a suggestion that another cut is
pending. However, it does beg the question? If Bank of Canada makes
a comment that it may continue with "monetary stimulus" will
Lenders raise rates slightly to lower them again? (We've seen this
happen during December 2007).
Thursday, 17 May 2012
Green Hosting
Corporate Office
#308 - 15252 32nd Avenue
South Surrey, BC V3S 0R7
Telephone: 604.536.3802
(For all correspondence)
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About Dreyer Group
Dreyer Group is a member of the VERICO mortgage brokers network. We can help anyone nationwide, but we primarily serve BC residents in the lower mainland including Surrey, South Surrey, White Rock, Langley, Delta, Vancouver, North Vancouver, West Vancouver, Burnaby, New Westminster and Coquitlam. Dreyer Group Mortgages can provide mortgage solutions to US residents, non-residents, new immigrants and the rest of Canada. No matter where our clients are located, we are committed to providing the best mortgage rates and options in the marketplace.
About Verico
VERICO is a national mortgage brokers network. As an assembly of independently owned and operated mortgage brokers, VERICO brokers are comprised of the most trusted mortgage professionals in Canada that adhere to the highest standards of service based on professionalism, expertise and ethics. The VERICO Mortgage Network includes over 40 of Canada's most respected mortgage lenders and insurance suppliers.
