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Written on December 17th, 2015

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.

Click the link for full article:

https://dominionlending.ca/news/the-u-s-fed-finally-did-it-hiked-rates/

 

The Walker Real Estate Team

HomeLife Benchmark Realty

604-889-5004

info@WalkerRealEstate.ca

www.WalkerRealEstate.ca

 

Dominion Lending Centres,

Valley Financial Specialists

www.WalkerMortgages.ca