If Mortgage Rates Can Fall Through the “floor” of the Prime Rate…what Else is Under the Floor?
February 5, 2010 by Editor
Filed under About Mortgages
“Lower than prime,” you heard someone say. Like most Canadians, you were probably first skeptical and then confused. We tend to think of the prime lending rate as the invisible “floor” of lending rates. The very best customers can get very close to that floor. It is theoretically possible, we reason, to actually be ON […]