Through the wonderful blue sky of 2.99-per-cent 5-year fixed money, however, is a storm of international and national constraints that may cause a slowdown in mortgage and housing markets.This made me wonder if the recent rush into low interest rate mortgage offers wasn't just a means for the banks to try and grab the last of the available CMHC insurance pool. Just pondering.
Friday, February 3, 2012
Rush to the Exits?
Is mortgage industry running out of money?