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Mariel Alumit
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It was unrealistic to expect last week’s strong increase in mortgage activity to be sustainable in the current volatile rate environment, and indeed it was not. The Mortgage Bankers Association said its seasonally adjusted Market […]
Homeowners and buyers proving resilient to higher rates, says broker
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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 […]
Mortgage Rates Rebound to Nearly 7%
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Mark Paul Cervantes
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Comments Off on Mortgage Rates Rebound to Nearly 7%
The average rate on a 30-year fixed mortgage surged nearly a quarter-point to 6.96% this week, looming closer to the 7% benchmark that hasn’t been reached since November. This marks the third consecutive week of […]