Fully Employed: Mortgage Rates Are Putting a Floor Under Canadian Real Estate

Fully Employed: Mortgage Rates Are Putting a Floor Under Canadian Real Estate. July 22, 2019 - The Mortgage List Weekly Update

Fully Employed: Mortgage Rates Are Putting a Floor Under Canadian Real Estate video duration 13 Minute(s) 7 Second(s), published by Steve Saretsky on 11 08 2019 - 23:19:40.

The Saretsky Report for July 2019 is now available here:

July 29, 2019 - "Mortgage Minute" - This Week In Mortgage - Weekly Rate Update & "A BIG Economic Week" #JumboLoans #Mortgage #OpenHouse #Realtor July 8, 2019 - "Mortgage Minute" - This Week In Mortgage - Weekly Rate Update & "June Jobs Report" #JumboLoans #Mortgage #OpenHouse #Realtor Check out this weeks events happening throughout the industry
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The Saretsky Report for July 2019 is now available here:
https://stevesaretsky.com/wp-content/uploads/2019/08/Saretsky-Report-July-2019.pdf?fbclid=IwAR3kODLeXS_qn3pbNlKSljPwE2WA5VYTB_S9EuHboseAStx2TebM-IZXeT8

There seems to be an uptick in housing activity in many parts of the world right now. This comes after a big drop in interest rates as central banks race each other towards more negative interest rates. There is essentially a currency war playing out in front of our eyes.

New Zealand recently cut interest rates by 50bps despite their often cited housing bubble which has seen prices begin to slip following an outright ban on foreign purchasing last year.

Denmark just sold off a 10 year mortgage bond with a negative interest rate, the first time in history. Basically buyers of these bonds are speculating on even more negative rates in the future.

Ultimately the catalyst will come down to confidence and the health of the labour market. Will central bank rate cuts be enough to keep the global economy from slipping into a recession or is a recession inevitable following the longest expansion in history? An uptick in unemployment would obviously impact home prices regardless of how low rates are. We are on the cusp of volatility in financial markets, this is setting up to be a wild finish to 2019.