Once again interest rates have dominated the headlines. First, it was the declining fixed rate. Fixed rates are usually priced off bond markets, independent of what's happening with the prime rate. The Bond market, like all markets, fluctuates daily. Fixed mortgage rates are now as low as 2.69% to 2.89% (and appear to be dropping).
The other interest rate causing all the fuss is the prime lending rate. Up until a couple of weeks ago, many industry observers believed this ra