Bad news for the economy meant good news for fixed-rate mortgage shoppers
By Google News Personal Finance ·
Oil’s been freefalling for a week, Wall Street is second-guessing the AI spending spree, Washington just got less business-friendly with the Democrat’s landslide and Canada’s job market is losing steam.
That’s not exactly a highlight reel for the North American economy, but it’s good news for fixed-mortgage funding costs and for anyone shopping for one.
We saw a few competitive lenders cut insured five-year fixed rates this week. You can now find the lowest near 4.30 per cent.
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Robert McLister: Several banks leapt at the chance to bump their fixed rates this week, betting panicky borrowers will lock in
McCredie: There are several other factors impacting home sales
Robert McLister: If an upcoming rate hike lands, the Bank of Canada will likely hint there’s more where that came from
Originally published by Google News Personal Finance
