Canadain Mortgage Rates Dropping

Today we just got emailed prime rate -.70%. This is very significant as it is the first time that we have seen this level of prime minus in two years. In my opinion this shows the credit markets are almost back to the levels of 2007/2008. More importantly this is a great time for any fixed rate mortgage client to take a look at the numbers for a variable rate mortgage. We have a great variable savings spread sheet that will outline all of your savings to you.