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Mortgage Broker News | 03 Oct 2013, 12:00 AM Agree 0
Fitch Ratings released a report Monday stating that the Canadian banks have yet to experience a significant decrease in their mortgage sales, despite the increase in interest rates that many thought would price consumers out of the market; though the agency does believe there is a possibility that the effects will be felt in the months to come.
  • Lior, Mortgage Edge | 03 Oct 2013, 12:42 PM Agree 0
    We've been hearing this prediction for how many years now? The bottom line is there will always be mortgage business whether the housing market is slow or hot. If I am not busy with purchases, I am doing refinances. And cheap money gives people the incentive to refinance their high interest debt into a lower rate mortgage.
  • DeJong | 04 Oct 2013, 05:34 AM Agree 0
    How long have you been in the business, Lior? Curious how many people tend to refinance when rates are flat or rising.
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