Home » Posts tagged 'mortgage rates' (Page 2)
Tag Archives: mortgage rates
“This Isn’t a Drill” Mortgage Rates Hit Highest Level Since May 2014
“This Isn’t a Drill” Mortgage Rates Hit Highest Level Since May 2014 A housing bust may be just around the corner. Rates have climbed to a level last seen in May of 2014. Mortgage News Daily reports Mortgage Rates Surge to Highest Levels in More Than 3 Years. The chart does not quite show what […]
Rate Squeeze in Vancouver & Toronto Housing Bubbles
Rate Squeeze in Vancouver & Toronto Housing Bubbles Variable-rate mortgages, the HELOC phenomenon, and new stress tests meet higher rates. The Bank of Canada raised interest rates another 25 basis points last week. It was the third time in the past six months. Rates have more than doubled in that time, going from 0.50% to […]
The ‘Everything Bubble’ and What Happens if Credit Freezes Up in a Credit-Based Economy
The ‘Everything Bubble’ and What Happens if Credit Freezes Up in a Credit-Based Economy “It could get really messy.” Wolf Richter on the X22 Report The US government bond market has soured, even the 10-year yield is surging, and mortgage rates have jumped. Read… What Will Rising Mortgage Rates Do to Housing Bubble 2?
What Will Rising Mortgage Rates Do to Housing Bubble 2?
What Will Rising Mortgage Rates Do to Housing Bubble 2? Oops, they’re already rising. The US government bond market has further soured this week, with Treasuries selling off across the spectrum. When bond prices fall, yields rise. For example, the two-year Treasury yield rose to 2.06% on Friday, the highest since September 2008. In the […]
Chinese Banks Begin To Raise Mortgage Rates
Chinese Banks Begin To Raise Mortgage Rates Raising rates on reverse repos, hiking the cost it charges on its Medium-Term Loan Facility and Standing Lending Facility, five consecutive day without a reverse repo liquidity injection (or rather a CNY715 billion liquidity drain), and now in the latest indication of overall tightening of monetary conditions, China has started […]
Meridian credit union offers 1-year mortgage at 1.69%
Meridian credit union offers 1-year mortgage at 1.69% Spring mortgage wars start early, as member-owned lender makes new low offer to homebuyers Meridian credit union just offered a one-year mortgage at 1.69 per cent. (Daniel Munoz/Reuters) Alternative lender Meridian has launched the first shot in the spring mortgage wars with a one-year fixed mortgage rate […]
“Perverse, Unpredictable Effects” of Negative Interest Rates: Mortgage Rates Soar in Switzerland
“Perverse, Unpredictable Effects” of Negative Interest Rates: Mortgage Rates Soar in Switzerland The unintended consequences of NIRP. Negative interest rates – called “punishment interest” in Germany – have morphed from sheer impossibility to solid reality in Europe. Having seen how they work, the Bank of Canada has invoked them now, and Fed Chair Janet Yellen, has put them “on the […]
Fed chair Yellen tells Canadian homeowners to watch out: Don Pittis
Fed chair Yellen tells Canadian homeowners to watch out: Don Pittis Your mortgage rates are going up, and U.S. Fed chair is pretty specific on how much The financial analysts think they have it figured out. After listening to U.S. Federal Reserve chair Janet Yellen’s speech and her wily answers to questions from reporters, the consensus seems […]
What If Mortgage Rates Go Up?
What If Mortgage Rates Go Up? From 4% to 5% If the 30 year mortgage rate increases by just a quarter percent to 4.25%, monthly payment increases by 3%, which may only have a minor impact on the market. Half a percent to 4.5% would increase payments by 6.13% and that may start pushing marginally […]
Canadian house prices 35% overvalued, Economist magazine says
Canadian house prices 35% overvalued, Economist magazine says Cheap borrowing costs are driving up prices in markets around the world In a survey of housing costs around the world, the Economist magazine says Canada’s housing prices are 35 per cent overvalued when compared to Canadian incomes. Against the level of Canadian rents, housing prices come […]
