The recent interest rate cut by the U.S. central bank could also have an impact in lowering mortgage rates in Canada, experts say.
The U.S. Federal Reserve cut its key rate on Sept. 18 by 50 basis points to a range between 4.75 percent and 5 percent, marking the first U.S. rate cut in more than four years.
Emrul Hasan, an economics lecturer at the University of British Columbia, told The Epoch Times that rate cuts in the United States “always have a direct influence on the Canadian bond market.”
Government bond yields provide insight into where fixed mortgage rates are going, according to a blog post by the Calgary-based True North Mortgage….