Wednesday, January 2, 2008
Canadian Mortgage Rates
We are seeing the credit crunch take a even worse turn for the consumer. I have talked a lot on my blog about the spread between the bond rate and the best discounted mortgage rate that is available to consumers. Today, the spread is one of the highest I have seen since covering this. The spread is currently over 2.00% in favor of the banks. This means Canadian mortgage rates are going to remain higher in the short term for consumers.