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After weeks of escalating borrowing costs, home buyers are getting a second chance to lock in lower rates. The 30-year fixed-rate mortgage fell to an average just below 5% for the week ending Aug. 4, […]
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Mark Paul Cervantes
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Mortgage rates are climbing again, raising the cost of a home loan to its highest level in seven months. The average rate on a typical 30-year mortgage is now 6.91%, up from 6.69% a week […]
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Mark Paul Cervantes
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Comments Off on Homeowners and buyers proving resilient to higher rates, says broker
Canada’s mortgage market has cooled over the past year amid surging interest rates and borrowing costs – but to date, there’s been nothing resembling the full-blown crisis some had envisaged as activity started to fizzle […]