Cuts to prime rate are not a key factor in determining fixed rates. VERY few people are considering variable rates right now. They don't really make a lot of sense considering the spread is now essentially zero. Variable rates are now higher than fixed in many cases.MaxPower19 wrote: ↑ How many prime rate cuts are the markets pricing in? Variable sure looks less appealing with 2.69 as the fixed option.
Paul Meredith
Mortgage Broker, Author - CityCan Financial Corp
(lic. 10532)
Mortgage Broker, Author - CityCan Financial Corp
(lic. 10532)