November, 2012 RSS Icon
Found 2 entries for November, 2012.

Are you in for a shock?

 

By Jason Scott

Mortgage Associate

TMG The Mortgage Group

1.877.408.7435

Jason.scott@mortgagegroup.com

www.refinancealberta.ca

 

The ultra-low mortgage interest rates homeowners are currently enjoying are anything but normal.

 

Rates won’t be this low forever and that means there’s a huge problem lurking ahead for most homeowners.

 

Canadians are enjoying super-low interest rates because foreign investors see Canada’s economy as a safe harbour compared to other countries.

 

These foreign investors are buying Canadian government bonds and pushing yields down on those bonds. That means lower mortgage interest rates for you and me.

 

How long this will continue is a very big question. Eventually the

1491 Views, 0 Comments
Read Full Post