Why higher mortgage rates are not necessarily bad for millennials and first-time home buyers

Why higher mortgage rates are not necessarily bad for millennials and first-time home buyers

Tim Rood, Chairman of the Collingwood Group on ‘Business First AM” with his take on why higher mortgage rates are not necessarily bad for millennials and first-time home buyers.
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Brexit, Brexit, Brexit… Tired of hearing about it? Well, not if you’re getting a mortgage. Mortgage Rates/Fees are doing really well! My charts only go back to July of 2014, and we’re better than any time in the last 2 years! Anyway, forecast is for mortgages to improve ahead of Thursday’s report.
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