A signal from the Bank of Canada that it is not raising its key lending rate any time soon, coupled with the likelihood
of falling mortgage rates, could be enough to keep the latest housing rally going.
«Although we strongly believe that the housing supply - demand imbalance for single - family homes will continue to drive above - average home price appreciation, just
as falling mortgage rates aided pricing power on the margin in recent months, we expect the opposite effect to become evident in the coming months.
Loan applications for refinancing and purchasing — a gauge for home loan requests — are both on the rise,
amid falling mortgage rates, the Mortgage Bankers Association reports.
A signal from the Bank of Canada that it is not raising its key lending rate any time soon, coupled with the likelihood
of falling mortgage rates, could be enough to keep the latest housing rally going.
Despite falling mortgage rates and positive employment trends, the real estate market in Quebec City has been slow since 2013, and 2016 prices remained just as stagnant.
Most refinances are rate - and - term refinances — especially in
a falling mortgage rate environment.
Furthermore, since the beginning of March, the rate on the 10 - yr bond has fallen over 40 basis points, which translates into
a falling mortgage rates.
Falling mortgage rates can reduce homeownership costs over the long - run and one group well - suited to take advantage is homeowners with U.S. military experience.
If you're looking to purchase a new home in Toronto, there's some good news:
falling mortgage rates have largely offset rising prices this year, so buyers are seeing their mortgage payments stay roughly the same size, even though they're paying more money for their homes.
Most refinances are rate - and - term refinances — especially in
a falling mortgage rate environment.
As the cost of renting has gone up, the affordability of housing — due to
falling mortgage rates and home values — has gotten more favorable.
Ups and downs, talk of good news and bad news, and a confusing amount of information about rising and
falling mortgage rates has rendered the market all but inaccessible for a lot of prospective buyers.
A housing recovery is coming, and it's picking up some fresh steam from the job market, gas prices and
falling mortgage rates.