Jared Dreyer of Dreyer Group Mortgages offers advice on Financial topics that affect Canadian loans, mortgages and investments.
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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment