Tuesday, January 20, 2009

Now I care

I've never really cared about movements in the interest rates before but now that I have a mortgage and my rate is variable, I pay closer attention. So when I read the news that the Bank of Canada dropped their key rate 50 bps down to 1% and the Big 5 quickly followed suit, I did a little happy dance in my chair because that means the interest on my mortgage is 50 bps cheaper too! Yippee!!

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