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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).