mintrealestate

Interest Rates Are On The Rise

Posted by mint on February 10, 2011 | No Comments

As you may know, bond yields influence interest rates so with a recent jump in bond yields caused by a major bond sell-off, banks are already increasing rates. This news also suggests that The Bank of Canada may increase its prime rate in Q2 2011. With rates on the rise and new lending rules taking effect this May, now is the time to buy if you have been considering a home purchase. Please contact me for more details on interest rates or changes to lending rules.