I’ve been talking with some of my friends who also happen to be home owners and we were comparing our mortgage rates. What I found out was that california mortgage rate are a bit higher than they are here in Ontario.
I’m wondering now if the mortgage rates are a little higher because the US economy isn’t doing quite as well as Canada’s? I haven’t heard any recent rates but the last time I did I think our unemployment rate was lower and well … our dollar is certainly climbing. If our dollar gets much higher it will hurt our economy.
What do you think?
While this is old, I would like to respond to it anyway. I think the discrepancy in mortgage rates has a lot to do with the state of the economy. As we know in retrospect, the economy was hard hit at this time, and for that reason the mortgage had to compensate.
Thanks for the look back on this!