With Bond Yields Dropping, Are Fixed Rate Mortgages Your ...

What this episode covers

Welcome to Make Money Count! In this episode, we cover the latest updates in the mortgage market and economic trends impacting your financial decisions. We discuss Canada's 5-year bond yield drop to 3.3%, resulting in average fixed mortgage rates of 4.8%. We explore why opting for a variable-rate mortgage could be wise amidst current economic conditions. We also analyze the Bank of Canada's cautious stance on interest rate cuts due to inflation concerns, with decisions pending on economic performance in both Canada and the US.

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Frequently Asked Questions

How long is this episode of Make Money Count?

This episode is 15 minutes long.

When was this Make Money Count episode published?

This episode was published on June 26, 2024.

What is this episode about?

Welcome to Make Money Count! In this episode, we cover the latest updates in the mortgage market and economic trends impacting your financial decisions. We discuss Canada's 5-year bond yield drop to 3.3%, resulting in average fixed mortgage rates of...

Can I download this Make Money Count episode?

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