Cut backs

The housing market is looking strong as we get to the mid-way part of January and there are now talks that longer term interest rates could be on the rise as early as May. The Bank of Canada Governor Mark Poloz expects this rise in long term rates because of tapering in the U.S. bond market. This month the U.S. Federal Reserve cut back it's buying of bonds which may result in increased bond values come the late Spring. Not effect is expected for shorter term rates or the Prime rate. If you are considering securing a longer term rate, now is the time to do it. Call me today!