Warren Buffett, famed American investor and business guru, is coming to the rescue of Home Capital Group Inc., the Canadian alternative mortgage lender that has been in the news for months. Berkshire Hathaway, a subsidiary of Buffett’s company, has indicated it will buy $400 million worth of common shares in Home Capital.
Government bond yields are reaching new highs around the globe, and U.S. monetary policy changes are a contributing factor. How will higher yields affect mortgage rates, and the general economy?
Finance lessons for kids that will promote financial literacy in your home, for all ages.
TD fixed mortgage rates are the next to increase, as Government of Canada bond yields continue to trend higher.
There is a close relationship between fixed mortgage rates and government of Canada bond yields. Read on to see if a recent spike means higher mortgage rates.