Monday, April 21, 2008

Floods, Interest Rates and the Great Canadian slowdown

Hey! I'm just a messenger so please don't shoot me. However, I do have an editorial bias.....

And now, on with the show!

As you may know by now, Peterborough has been flooded again! Our thoughts and prayers are with you.

So mortgage rates are going down. What does this mean? Maybe that people who could not afford to buy a house will now be able to. Doesn't make sense to me either. And they say that a housing correction/collapse won't happen in Canad-duh.

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