Tougher mortgage rules could affect up to 50,000 potential home buyers a year: report
Tuesday, 5 December 2017 Tougher mortgage stress-testing rules could make it impossible for 40,000 to 50,000 Canadians to buy a home each year, driving down real estate sales and reducing the anticipated pace of new mortgage-lending growth, according to a new analysis.
U.S. mortgage rates rose this week to their highest level in seven year, according to Freddie Mac. The 30-year fixed mortgage averaged 4.61 percent for the week... bizjournals - BusinessAlso reported by •SeattlePI.com •Seattle Times
Rising mortgage rates are crimping home sales. The average 30-year fixed mortgage rate hit a new seven-year high of 4.66% the past week.
USATODAY.com - MoneyAlso reported by •SeattlePI.com •Seattle Times •Newsmax
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