While it's an appealing idea to hold onto a predictable monthly mortgage payment and plow into retirement savings the money that would otherwise go to a home - loan payoff — the thinking is that you come out ahead if you can earn more in the markets than you're paying to borrow the money — some say that even at ultralow interest rates, it often makes more sense for people to pay off their mortgage before they retire. (realtor.com)
Another year of ultralow interest rates is one consideration, as the central bank thinks Canada's non-energy exporters are poised to do well as the global economy strengthens. (canadianbusiness.com)
While struggling with ultralow interest rates, major banks have also been publishing regular updates on how well they would do if interest rates suddenly surged upward... Bank of America... says a 1 - percentage - point rise in short - term rates would add $ 3.29 billion... [A] back - of - the - envelope calculation suggests an incremental $ 2.9 billion of extra pretax income in 2017, or 11.5 % of the bank's expected 2016 pretax profit... (human-wrongs-watch.net)