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Interest rate increase could cause house prices to plunge

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Wealth Professional | 17 Nov 2016, 01:10 PM Agree 0
Two of Canada's biggest banks have hiked their fixed mortgage rates as a sell-off in the U.S. bond market has driven bond yields higher
  • Ian Leverington | 17 Nov 2016, 03:57 PM Agree 0
    Do we really think minimum mortgage rates are going to increase by 2.00% by 2018?? For one, I doubt banks would intentionally cause a huge number of their own clients into default by increasing their prime lending rates by that much, that quickly. As for fixed rates, who knows... anything is possible I guess so hopefully, you're locked in for long enough to give yourself time to prepare for higher payments.
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