Windsor Real Estate Statistics, Market Updates, Housing Starts, Mortgage Rates, Windsor MLS Listings and Data.
Bank Of Canada Lowers Prime Rate
The Bank of Canada in an effort to stimulate the economy has lowered the overnight lending rate .75% to 1.5%. Mortgage rates should go lower as a result in the next few days. Variable rate mortgages should adjust half to 75% soon. Ideally with interest rates dropping this should stimulate some sales and help first time buyers qualify for mortgages. Refinancing would also be cheaper if you need to free up some equity to pay off some high interest loans. (credit cras, etc.) If you have any questions or would like mortgage information feel free to contact me anytime.
www.donmerrifieldjr.com,
donmerrifieldjr@remax.net, 519-944-5955.
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