Latest in Mortgage News: Fixed Mortgage Rates Could Fall Over Coronavirus Fears
As fear grows over the deadly Wuhan coronavirus that has killed more than 100 people, it is now becoming the world’s—and Canada’s—latest economic headwind.That fear spread to financial markets on Monday, with the TSX falling 142 points and New York’s Dow Jones ending the day down more than 450 points. Canada’s 5-year bond yield fell sharply to a three-month low, signalling that mortgage rates are likely headed lower as well.
Original Article Source Credits: https://www.canadianmortgagetrends.com/
Article Written By Steve Huebl
Original Article Posted on : January 28, 2020