There will be an immediate result with equity lines since the prime was reduced.
It will take several days for the dust to settle and we will have a clearer picture where the fixed rates are going.
We might see a little movement in the fixed rates but more likely any drop in rates will more likely affect adjustable rate mortgages.
I received emails for mid-day price changes a while ago. Give it a day or so to settle in and we can better advise on rates once we see what effect this drop will have on rates.