Fixed mortgage rates will lower slightly in November, while variable rates will remain unchanged for the long term, according to the RateSupermarket panel.
Mortgages Spotlight: CREA updates forecast due to strong sales, Canadian debt-to-income ratios continue to grow and a lack of US Fed tapering could lead to lower rates.
There’s no cooldown expected for September fixed mortgage rates as government bond yields are pushed higher by worried global investors. Variable rates, however, will remain on course for moderate change in 2014.
A new economic threat is growing half a world away. China’s economy, the second largest in the world, is forming its own credit bubble, similar in nature to the meltdown that led to the 2008 U.S. financial crisis. What consequences would be felt in Canada, and worldwide, should this bubble burst?