Latest in Mortgage News: Fixed Mortgage Rates Could Fall Over Coronavirus Fears

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Latest in Mortgage News  Fixed Mortgage Rates Could Fall Over Coronavirus Fears - Mortgage Rates   Mortgage Broker News in Canada.jpg

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.

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Article Written By  Steve Huebl

Original Article Posted on : January 28, 2020

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