Mortgage Rate Thaw Renews Housing Bubble Concern: Canada Credit
The bond market is suggesting an overheated Canadian housing market is about to get even hotter just in time for the spring thaw.
The bond market is suggesting an overheated Canadian housing market is about to get even hotter just in time for the spring thaw.
The easy money from the 2012 refinance wave has been made. Now, originators must focus on the purchase business, which is a more difficult area.
Mortgage rates spent most of the summer stuck around 4.25% and only recently acknowledged the strong bond market rally. The pattern of lagging the bond market seems to be continuing.
The average 30-year fixed-rate mortgage rose 2 basis points, from 3.97% to 3.99%. Mortgage rates spent most of the summer stuck around 4.25% and only recently acknowledged the strong bond market rally….
What's the outlook for mortgage and savings rates?