Latest / The Flow: Real Estate and Money Show
The War just made your Mortgage Payment SKYROCKET: Here's what to do next
Three weeks ago, five-year fixed mortgage rates were sitting in the high threes. Today, most lenders are above 4%. The reason has nothing to do with Canada's housing market, your credit, or the Bank of Canada. A US-Israel strike on Iran threatened the Strait of Hormuz, oil jumped from $70 to over $100 a barrel, bond yields spiked, and lenders passed every basis point straight to your mortgage payment. In this episode, Alex breaks down exactly how that chain of events works, where rates are heading, why the Bank of Canada is completely stuck, and what you should actually do right now if you…
The skinny
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