South Surrey/White Rock Real Estate and Mortgages
With the United States market improving, the US Federal Reserve increased the interest rate from: 1/4% to 1/2%.
The Canadian dollar, has weakened over the past few weeks, with the decline in oil prices. Economists, expect the benchmark overnight rate at 0.5%, to remain unchanged until 2017. The 5 year market rates have bottomed, and have been edging higher, as lenders are pressured due to the narrow interest rate spreads.
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The Walker Real Estate Team
HomeLife Benchmark Realty
Dominion Lending Centres,
Valley Financial Specialists