Today: 3. Jul, 2024
Mortgage rates declined for the second consecutive week, prompting existing and prospective homeowners to consult their lenders. As per the Mortgage Bankers Association’s seasonally adjusted index, there was a 7.2% uptick in mortgage application volume last week compared to the preceding week.…
In a move to address persistent inflation and the remarkable resilience of the Canadian economy, the Bank of Canada has raised its benchmark interest rate by a quarter percentage point. This decision marks a significant shift in policy, as the bank had…
Last week saw a surge in mortgage rates, spurred by robust economic data intensifying fears that the Federal Reserve might not decrease interest rates soon. Consequently, the demand for mortgages hit the lowest point since late February. The average contractual interest rate…
