Tag Archives: mortgages

Dear Government: The banks won’t help you! Witness rising mortgage rates.

It seems the U.S. and Canadian governments are counting on the banking industry to help them distribute aid to those most hurt by the coronavirus lock-down.  DON’T! Despite the central banks lowering interest rates to historically low levels, the mortgage … Continue reading

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Housing Market – Boom or Bust?

The last recession was unequivocally a housing bust.  Home sales plummeted and housing starts hit the skids.  But then, the recession was indeed caused by a housing crisis:  The mortgage-backed security scam  ultimately destroyed the housing market.  Today, we’re confronted … Continue reading

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Your lower mortgage PYMT or the Next Financial Crisis.

Mirroring the U.S. effort to fight the economic disaster expected from the coronavirus, the Bank of Canada lowered interest rates by 1/2% as well – to “get out ahead” of the storm.  Governor Stephen Powell said “the downside risks to … Continue reading

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Why are mortgage rates REALLY falling? Will this increase home prices?

A recent article posted on CBC Business News was entitled “Why worries about the coronavirus are pushing mortgage rates down.” Below is the explanation: Fixed-rate loans are highly influenced by bond yields, because a mortgage lender makes money on the spread between … Continue reading

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