Lethbridge Mortgage Rates-00-3900
By: robert may
Canadian mortgage interest rates have recently risen from historic lows. There is continued pressure on the Bank of Canada to increase lending rates as the Canadian Bond market continues to rise. The price of these bonds directly influences the interest rate that the lenders charge for money they lend to consumers, more specifically mortgage money.In Lethbridge, our real estate market is strongly influenced by interest rates. When rates go down, people buy Lethbridge real estate to take advantage of it. When rates go up, people who have active preapproved mortgages in place or people who have variable rate mortgages on their Lethbridge real estate investments, all convert them into fixed term mortgage products.
The reality is, that it makes no difference which direction real estate mortgage interest rates are moving, but just that they are moving. This will keep the mortgage market moving in Lethbridge too.
Of course, for the sake of consumers, a lower interest rate allows them to purchase nicer homes for the same payment, or to have lower overall payments on their Lethbridge real estate. This is a nice benefit and something which truly benefits the consumer and the economy as the whole, as the consumer then has more money to spend on other commodities.
Do some research on the city of Lethbridge, search out my Lethbridge real estate blog, find me on the internet. I post several videos and photos on Lethbridge and area on youtube and would love to discuss buying, selling, or investing in Lethbridge with you. My name is Robert May and I am a real estate broker as well as being a mortgage broker. I am an avid internet marketer and operate my business almost entirely online. Find me, lets chat.
Article From Free Articles - Free Article Submission
0 comment:
Post a Comment