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Inflation · StockholmQuick Summary: The US economy added more jobs than expected in June. That job strength will bolster US Federal Reserve Chair Jerome Powell’s plan to be patient with more rate cuts. Meanwhile, the Big Beautiful US budget bill passed. The consensus view is that it will stoke more inflation. Mortgage Advice for Now My advice is unchanged from last week. Fixed rates remain below their long-term averages, and the rate premium that borrowers have hist…See the Story
How Will Delayed US Rate Cuts Impact Canadian Mortgage Rates? - Integrated Mortgage Planners
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Statistics Canada · CanadaQuick Summary: Last week Statistics Canada confirmed that our key measures of core inflation cooled a little in May and our GDP decreased by 0.1% in April (month-over-month). Stats Can also now estimates that our GDP declined by the same amount in May. Mortgage Advice for Now My advice is unchanged from last week. Fixed rates are now back below their long-term averages. The rate premium that borrowers have historically had to pay for longer ter…Read Article
