Found 2 blog entries tagged as mortgage rates.

How are you impacted by Rising Martgage Rates?

You may not see it on your monthly mortgage payments but the amount of money you pay towards paying down your loan will be affected by the interest rate. As the rates rise if you are in a variable position on your home mortgage you will need to be watching for the best time to lock it down to a term so you wont be affected for that period of time. And you ask when is that. Many factors will influence this decision and each families needs and wants are everchanging. And this is when you need to contact some experts and explain your position and just how the rise will affect you and your property and financial concerns. As a seller your potential buyers will be looking to buy before rates rise even higher…

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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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