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US FEDERAL RESERVE INTEREST RATE MEETINGS FOLLOW THEM LIVE! - AND HOW IT WILL AFFECT CANADIAN INTEREST RATES

You may or may not have heard that the Federal Reserve (US) has increased their prime rate. This decision has had an immediate impact on rates in Canada and as a result some fairly significant increases will happen in the next 24 hours (rates going up … again).
 
Below is a link to The Wall Street Journal which will explain more. What does this mean for you? If you have been thinking of buying in the near future, do you have a rate hold? We have your best interest at heart. If you don’t have a rate hold, you are at risk of paying more than you need to on your mortgage.
 
 
Call us today at 780-634-8151 to get you approved for a rate hold at today's interest rates.

The Federal Reserve wraps up a two-day meeting Wednesday with an interest-rate decision, new economic forecasts, a policy statement and a quarterly press conference from Fed Chairwoman Janet Yellen. Follow all the action here live as it unfolds throughout the day.

http://www.wsj.com/livecoverage/federal-reserve-december-meeting
 
 

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