Unzippering the two economies is not going to be an easy feat. Initially the economists seem to all agree that mortgage rate will stay the same or go even lower due to the uncertainty. And Canada falls right in that pile with everyone else.
Possible impact of Brexit on mortgage rates?
This recent article, the Washington Post explains how they feel the American economy will be affected.:
“Brexit has spawned the recent bout of volatility in global financial markets. That has anxious investors scurrying for safety -- and few assets are safer than U.S. Treasuries. High demand for government debt pulls down interest rates.
That all translates into ultra-low mortgage rates for American households. And with Britain voting for Brexit, they…
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