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So much uncertaintity in the market place regarding mortgage rates. The big "R" has been haunting the US economy over the past few weeks - is a recession looming?


We've experienced an increase in mortgage rates at the end of December, only to have Lender's rethink their motives and decrease rates two weeks later. Rates are still over-inflated.

Bank of Canada meets again at the end of this month. Projections are with the Bank of Canada, who economists/analysts, predict will decrease the prime rate by 125 bps. You read correctly, 125 bps! is correct. With such a decrease imminent, Lending institutions will most certainly have to lower rates. This will certainly bode well for the typical uptick in real estate sales during the Spring months.