Comments on: Today there are reasons to feel good. http://www.gregwilliamson.ca/uncategorized/today-there-are-reasons-to-feel-good/ Canadian and Alberta Real Estate and Mortgage Market Information with a slant toward positive comments in light of all the negative information out there Mon, 02 Jan 2012 19:35:08 +0000 hourly 1 http://wordpress.org/?v= By: Greg http://www.gregwilliamson.ca/uncategorized/today-there-are-reasons-to-feel-good/#comment-20 Greg Sat, 13 Dec 2008 17:01:51 +0000 http://www.gregwilliamson.ca/blog/?p=143#comment-20 Long term rates will likely be slightly down through the first part of the year for two main reasons. 1) I believe banks will start to offer very special rates to customers who are in existing variable or interest only mortgages to get them to convert to fixed rates. We have seen one lender already to do this and offering fixed rates as much as .25% below the best wholesale rate. 2) As the credit markets loosen the banks spreads should drop due to normal competitive market pressure. Trying to predict what the bond markets will do is really not a good idea these days as predicting anything right now is a pretty difficult proposition. Greg Long term rates will likely be slightly down through the first part of the year for two main reasons.

1) I believe banks will start to offer very special rates to customers who are in existing variable or interest only mortgages to get them to convert to fixed rates. We have seen one lender already to do this and offering fixed rates as much as .25% below the best wholesale rate.

2) As the credit markets loosen the banks spreads should drop due to normal competitive market pressure.

Trying to predict what the bond markets will do is really not a good idea these days as predicting anything right now is a pretty difficult proposition.

Greg

]]> By: Kelly Wilson http://www.gregwilliamson.ca/uncategorized/today-there-are-reasons-to-feel-good/#comment-19 Kelly Wilson Tue, 09 Dec 2008 22:46:30 +0000 http://www.gregwilliamson.ca/blog/?p=143#comment-19 Glad to see someone seeing the positive side of things. What are your thoughts on long term rates? Heading up...down...flat in 2009? Thanks, Glad to see someone seeing the positive side of things. What are your thoughts on long term rates? Heading up…down…flat in 2009? Thanks,

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