- Author: Chris
- Published: Jul 11th, 2009
- Category: For Home Buyers, For Home Sellers, Real Estate
- Comments: 1
Tags: affordability, canada, canadian dollar, chris, economics, estate, interest rate, market, mortgage, newell, ontario, rbc, real, refinance
Mortgage Market Update for the Week of July 10, 2009
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This Week’s Mortgage Market Update Contains:
- Improved affordability helps spur housing market, says RBC Economics
- Housing sales report best June on record in Greater Toronto Area
- U.S. MBA Mortgage Applications Index Rose 11 Percent Last Week
This Week’s Quotation:
“Finish each day and be done with it. You have done what you could. Some blunders and absurdities no doubt crept in; forget them as soon as you can. Tomorrow is a new day; begin it well and serenely and with too high a spirit to be encumbered with your old nonsense.” – Ralph Waldo Emerson (1803 – 1882)
This Week’s Highlights:
- Canadian interest rates to remain low; long-term bond yields to grind lower with USTs
- Canadian dollar’s strength presents clear and present danger to economic outlook
- Inflation rate stays in positive territory
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