Search This Blog

23 November 2011

November 22, 2011 - Residential Market Update

 

 

 

 

Have a great day!!

 

Lisette Amalfi, AMP

 

 

 

First National Financial LP

 

 

 

 
Residential Market Update

 

 

Canada Mortgage Bonds

   

 

 

 

   

  

 


Canada Housing 5 yr : 1.75%

 

 

 

 

Market Commentary

 


Five year bond yields have been relatively stable over the last week and generally positive news out of North America clashes with sovereign debt concerns in the eurozone.

The positive North American data includes better than expected Retail Sales, Housing Starts, Building Permits, Initial Jobless Claims (all for the US), and higher than expected inflation and Manufacturing Sales for Canada. The good showing in the US has been soured somewhat as the congressional "Supercommittee" that was supposed to find ways to cut the deficit over the next ten years announced this week that they have failed, but nobody should be surprised about that.

This is in contrast to the situation in Europe where the outlook has been dominated not by real economic data, but by market sentiment which has increasingly shunned the bonds of any government other than Germany. The potential for a larger crisis in Europe has kept a lid on rates everywhere (and caused equity markets to sell off quite a bit), while credit spreads continue to remain wider than they have in the recent past, meaning that the gap between fixed mortgage rates and government bonds remains larger than normal.











 
Market Commentary

 

 

Financing Tips

 

Financing Tips

Leads are a mortgage brokers business. Follow up on leads, have face to face meetings and maintain a client focused approach to turn leads into clients.

 

 

unsubscribe | privacy policy | disclaimers

Delivering Service. Creating Solutions. Building Success.

© First National Financial LP
100 University Avenue, North Tower, Suite 700, Toronto, Ontario M5J 1V6.

First National is licensed under the Mortgage Brokers, Lenders and Administrators Act 2006 (Ontario) Licence No. 10514

 

No comments:

Post a Comment

Mortgage Alliance Oac Mortgages

As a registered franchise of the Mortgage Alliance Network, we have a number of mortgage professionals who can bring you the choice, convenience, and counsel you need to get the RightMortgage®. Working with over 40 lenders (some offered exclusively through brokers) we'll provide unbiased guidance in your mortgage decision.

We are legislated by the Ministry of Finance FSCO and our brokerage license is 10928.

We are dedicated to educating our clients about their mortgage! We want you to be well informed and comfortable with the mortgage you have and the options available to you. This blog is intended to offer information, updates, current mortgage products and current rates.

Please provide your feedback and let us know if there is anything else we can provide to help you in your mortgage process.