You waited. You waited some more. Now you don’t have to wait anymore for now it begins.
And So It Begins
According to Invis Team Rob Reagan-Pollock the Hheadline news continues to be the sell-off of bonds and upward pressure on interest rates. The combination of better than expected employment growth and US Federal Reserve talk of reducing stimulus has the mortgage market hopping! Bond yields which control longer term fixed rates are up 0.40% since May. Some of our lenders delayed their increases to capture market share but we are seeing holdouts increase their rates now.
- RBC Raises Mortgage Rates; Other Lenders Expected to Follow Suit
- Vancouver Home Sales Turn a Corner
- Jump in April Residential Building Permits Confounds Analysts Predictions
- Vancouver Home Sales For May Up One per Cent From a Year Ago, Board Says
“It may be a coincidence but since the Provincial election, we have seen an increase in sales and refinance activity.”
Is it the right to buy or sell?
Is life moving you? I can help.
Quotes Courtesy – Invis Rob Regan-Pollock