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

Fully Employed: Mortgage Rates Are Putting a Floor Under Canadian Real Estate. The FED Lowered Interest Rates! What That Means For Mortgages

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:

Mortgage rates hit 3.6% for a 30 year fixed and expected to decrease, so that should motivate Buyers, right? Sam DeBianchi discusses on today's Varney & Co Housing bubble 2.0 has reached peak insanity
The world's first negative interest rate mortgage has arrived
From the 3rd largest bank in Denmark we now see The Fed lowered interest rates by .25 on August 1st
This is the first time the FED has lowered rates in over a decade! In this video I cover what that means for .

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.