Banks lower rates

The banks have lowered their rates as stated in the article I was reading. The banks have lowered their rates because of the drop in the housing market last month. The government did not realize what they were doing or maybe they did with the HST and raising the rates for the last few months. What's done is done and we have to move forward, for now at least the rates have dropped. It is a perfect time to buy a house with so much inventory out there. This is the definition of a buyers market. Inventory and no buyers around. Sellers will have to entice buyers now. Its amazing how the market has changed in the last few months. It went from crazy over bidding to seller having to lower their prices and throwing in the dog to now get buyers to buy their house. Well If you are looking for a house give me a call and I can help you out!

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Ernie Arrizza

Ernie Arrizza

Sales Representative
CENTURY 21 Kelleher Real Estate Inc., Brokerage*
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