There's an upside to higher interest rates, despite the pain to borrowers — via financialpost PersonalFinance Debt interestrates
The first question on the minds of Canadians is just how high rates are going to go, something Central bank governor Tiff Macklem addressed last week when he testified before the House of Commons Standing Committee on Finance.
of over five per cent are feasible. This is a far cry from the sub-two-per-cent rates that were available in 2021 — suddenly the implementation of the mortgage stress test in 2018 seems more prudent.Article content Higher rates may cause a strain for highly indebted borrowers in the short run, but over time they may also help recalibrate housing budgets for borrowers based on real life monthly payments. This may also help stabilize the housing market, hopefully leading to a soft landing instead of a housing crash.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jason Crow, Nancy Pelosi among delegation to Kyiv and Poland; vow U.S. supportA U.S. congressional delegation led by House Speaker Nancy Pelosi praised the courage of the Ukrainian people in remarks during a visit to Poland on Sunday, a day after a surprise trip to Kyiv to m…
Read more »
WSJ's Jason Riley claims the left won't be satisfied until they have 'total dominion' over everythingFox News contributor Jason Riley offered his take on the Elon Musk purchasing Twitter for $44 billion.
Read more »
As ‘Ozark’ ends, Jason Bateman wants to stay behind the cameraActing has always come naturally. Now he’s happier behind the camera.
Read more »
Olivia Wilde-Jason Sudeikis Drama Serves Up Next Level of Toxic Celebrity FandomThe manila envelope may have been marked “Personal and Confidential,” but it didn’t take long for news to surface about its true contents, giving the entire spectacle a woefully ironic but irresistibly juicy sheen
Read more »
Jason Oppenheim Debunks Fake Phone Call Claim on 'Selling Sunset'Jason Oppenheim debunks fake phone call claim from 'Selling Sunset.'
Read more »