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View Full Version : Long live low variable rate mortgages!

Rickson9
11-28-2009, 05:18 AM
The Bank of Canada could keep its benchmark interest rate accommodative through 2015. Let the party continue!

http://www.financialpost.com/news-sectors/story.html?id=2277574
trent
11-28-2009, 01:39 PM
Or the market can force the rates 4 times higher by 2015. It's all speculation...
Rickson9
11-28-2009, 04:22 PM
Or the market can force the rates 4 times higher by 2015. It's all speculation...

Its speculation to think that the market can force rates higher, so the argument that it can remain the same until 2015 is just as valid.
trent
12-01-2009, 01:23 PM
Look what's happening with rates in Australia to see what you can expect to happen here very soon. Keep in mind that their economy is very similar to ours.
Rickson9
12-02-2009, 06:14 AM
Look what's happening with rates in Australia to see what you can expect to happen here very soon. Keep in mind that their economy is very similar to ours.

I've never read that Australia's economy is in any way, shape or form, similar to Canada. I have only heard the opposite. I wouldn't mind a source or link to educate me further.
Elli Davis
12-02-2009, 02:23 PM
I've never read that Australia's economy is in any way, shape or form, similar to Canada. I have only heard the opposite. I wouldn't mind a source or link to educate me further.

Same here. How is Australian economy similar to that of Canada?