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Mortgage Rates

Mortgage Update by Paula Siemens | Invis

September 2, 2019 in Newsletters

An overall Global Economic slowdown caused by tariffs, and overall political uncertainty has caused the bond market yields to fall. We may not see a recession in 2020 as originally thought, but there is tremendous volatility in play at present. In July, the jobless rate rose causing the Bank of Canada to come up with…

Mortgage Update

April 30, 2019 in Newsletters

by Paula Siemens | INVIS The Siemens Group The Bank of Canada announced that they will be holding the overnight rate as is, citing a slower than expected 2019 economic outlook; which will keep the prime rate as is. Posted fixed rates should also remain stable. However, lenders’ cost to underwrite a mortgage have increased…

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