The Next Big Trade - Steve Saretsky Says Canada’s Red-Hot Housing Market Will Cool
Real Vision: Finance & Investing
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Is That What's Changed?
In the last six months, your typical five year mortgage rate has gone from about two % to about four 4 point 2%. So we've seen effectively a doubling of mortgage rates in a span of about five or six months. The chinese bid ah, has really not ever returned to what it was in two thousand 15 16. It's really just a fraction of what it used to be, and that's why we're still seeing softness in parts of the mark its.
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