Rate Hike Imminent
The major news agencies reported record employment numbers with “the largest gain yet in absolute terms and the biggest percentage increase since 2002.”
According to financial experts this pretty well ensures that there will be a rate hike increase in June 2010. The only snag could be a financial meltdown stemming from the Greek financial crisis.
.
“Unless the world economy experiences serious contagion effects stemming from the European situation, a rate hike in June is a done deal in Canada,” said Yanick Desnoyers, assistant chief economist at National Bank Financial.
If you have a variable rate mortgage, are you prepared for an increase in your monthly payments? Talk to us to see if locking-in now could save you a bundle. 604-736-1855.
~~~
