Fed rate freeze good news for Canadian mortgages – for now

The Fed’s decision to hold US interest rates steady at near zero Thursday is good news for Canadians with a long-term mortgage. With mortgage rates for home loans with longer terms affected by US bonds, which are tied to US interest rates, any increase will begin to have an effect down the line. Shorter-term mortgage rates often follow the trend.

 

Read the whole story here:

http://www.mortgagebrokernews.ca/market-update/fed-rate-freeze-good-news-for-canadian-mortgages--for-now-196593.aspx

 

 

Bahador Abadi

Bahador Abadi

Real Estate Broker
CENTURY 21 Immo-Plus
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