By: Michael Wacholtz

Mortgage Rates...Going Down?

Tags: Houses in Toronto, Mortgage Rates

A few months ago, seemed like in spite of what was looking like a wee bit of a slowdown in lending and sales activity, rates would keep rising, because, well, rock bottom, right? Right? But then, the banks....

I think they realized that with continued higher rates it just might = less borrowers which in turn would = lower returns. You can read all about how they are dealing with this in a Huffpo article conveniently NOT behind a paywall here, but then come back here and let me know what you think: are rates going to go DOWN over the next six months, or UP? I'd love to have a magic eight ball right now....