COVID 19, mortgage rates, and bank behavior — this week's analysis
This week we look at how issues with liquidity in bond markets caused fixed rates to rise, but due to measures taken by the Bank of Canada, bond yields are on their way down again, which should bring fixed Canadian mortgage rates down with them. We also compare government bond yields, which are the benchmarks for fixed mortgage rates, to other markets such as Oil and Stocks.
Another thing we discuss is bank and lender behavior as we fell deeper into the current economic situation.
For more information on the steps taken by the Bank of Canada to improve liquidity, please click on the link below: