ICYMI - Posthaste: Mortgage rates are already rising ahead of another hike by the Bank of Canada
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TD also announced a 20-basis point increase in fixed-rate mortgages, bringing the five-year fixed to 5.59 per cent. “Rates have never mounted such a disproportionate comeback in such a limited time,” he wrote in his weekly newsletter. “Given the decline in future sales, we can see that businesses are seeing a fairly quick drop in overall demand. This is passing through to expectations for future inflation, which have declined across all time horizons,” he wrote in a note.
“If the BoC hikes the overnight rate by 50 basis points, which it’s expected to do, many investors and those renewing mortgages in 2022 and 2023 will be hit hard,” he said.Article content
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Posthaste: Mortgage rates are already rising ahead of another hike by the Bank of Canada\u0027Borrowers are undergoing a rate shock, that of which we’ve never witnessed before\u0027
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Posthaste: Mortgage rates are already rising ahead of another hike by the Bank of Canada\u0027Borrowers are undergoing a rate shock, that of which we’ve never witnessed before\u0027
اقرأ أكثر »
Posthaste: Mortgage rates are already rising ahead of another hike by the Bank of Canada\u0027Borrowers are undergoing a rate shock, that of which we’ve never witnessed before\u0027
اقرأ أكثر »
Posthaste: Mortgage rates are already rising ahead of another hike by the Bank of Canada\u0027Borrowers are undergoing a rate shock, that of which we’ve never witnessed before\u0027
اقرأ أكثر »