Mortgage Rates

[timtune]

Easy MP that is the Beaverton. (but sadly not far off)

 

[nobbie48]

Great news! With falling prices and soaring rates, homes now just as expensive as they were before but in a different way!

OTTAWA - Struggling home buyers rejoice! After years of an impossibly expensive real estate market, it looks like home prices are finally starting to fall due to the increased costs of borrowing money to buy one, making homes in Canada just as expensive as they were before but in a different way!

www.thebeaverton.com

So who throws the lightest economic punch to the home buyer? The money lenders, developers, real estate companies or government?

Right now it looks like a four way stop with the BoC directing traffic to make sure no one gets too far behind.

 

[mimico_polak]

Easy MP that is the Beaverton. (but sadly not far off)

I didn’t post it…

 

[timtune]

Yeah, I was referring to the grumpy face reaction to post #180.

 

[mimico_polak]

First signs of mortgage rate reversal out of the US…

Mortgage rates drop after inflation comes in cooler than expected — CNBC

The rate on the popular 30-year fixed-rate mortgage fell to 6.28%, but that's still dramatically higher than where it was a year ago.

apple.news

 

[nakkers]

First signs of mortgage rate reversal out of the US…

Mortgage rates drop after inflation comes in cooler than expected — CNBC

The rate on the popular 30-year fixed-rate mortgage fell to 6.28%, but that's still dramatically higher than where it was a year ago.

apple.news

Interestingly the USA has FIXED 30 YEAR RATE mortgages.


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[crankcall]

6.28 fixed rate …. For 30 yrs .
Oh yippie ….


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