Mortgage rates below 4% can still be found in some provinces, but get ’em while they’re hot --[Reported by Umva mag]

Robert McLister: Sub-4% rates may not last long with rising yields eroding lender profits

Oct 10, 2024 - 21:16

Mortgage rates below 4% can still be found in some provinces, but get ’em while they’re hot --[Reported by Umva mag]

With the U.S. economy outperforming expectations of late, bond yields have shot up like a Gamestop Corp. short squeeze. That’s boosted some of Canada’s leading fixed rates by nine to 25 basis points this week. Read More

The following news has been carefully analyzed, curated, and compiled by Umva Mag from a diverse range of people, sources, and reputable platforms. Our editorial team strives to ensure the accuracy and reliability of the information we provide. By combining insights from multiple perspectives, we aim to offer a well-rounded and comprehensive understanding of the events and stories that shape our world. Umva Mag values transparency, accountability, and journalistic integrity, ensuring that each piece of content is delivered with the utmost professionalism.