Daily Archives: April 6, 2022

Canadian 5-year fixed mortgage rates have moved above 4% and (as shown below) US 30-year mortgage rates above 5%, up more than 1% in just the last month (similar leap in Europe). This rapid 25% increase in interest costs, coming … Continue reading →

As household savings and cash flow have been increasingly needed for basic necessities like food, fuel and housing, the economically-sensitive household spending intentions on durable goods have tumbled to the lowest level since the double-dip recession of 1980-81.  One of … Continue reading →