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Ritchie Simpson
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@Suzanna, I don't wish to be argumentative but you merely repeat what Rob seems to say. I don't see the math; if my mortgage rate is x% and the Bank reduces its Interest Rate posted or otherwise from 2x to 1.75X% then where is the increase?
On the bright side, inflated posted rates are keeping IRD penalties lower than they otherwise would be. Excuse me? How do you figure this, if Interest Rates are artficially high aren't the the rollover rates also high and the same for the differential rate.
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Jun 20, 2011