Before Buying a House, Do the Math
|
Posted 01.23.2012
|
Canada Business
Read More:
Debt Buying House,
Interest Rates Bond,
Bank of Canada Interest Rates,
Interest Rates Home,
Buying House Debt,
Home Interest Rates,
Bond Interest Rates,
Debt Mortgage,
Canada Business News
Indeed, if we look at the spread between term mortgage rates and comparable government bond yields, it has widened since last year. In other words, banks are less willing to pass along the borrowing cost savings to homeowners that they themselves are enjoying in the wholesale market.
