Home : Blogs : Gina Burgio : Gina Burgio, Mortgage Agent

Is High Inflation on its way?

The posted interest rates on five-year mortgages jumped more than a third of a percentage point to 7.2 per cent at major Canadian banks this week.

Some think the extra government borrowing and a growing supply of money will sow the seeds for higher inflation and interest rates.

The cost for Washington and Ottawa to borrow for 10 years has spiked in the past two weeks - but is still well less than 4 per cent a year.

Recent official inflation rates have not been much lower.

The yield on Canada's inflation-adjusted bonds has jumped to 2.06 percentage points, more than the consumer price index, and up from about 1.5 points in August.

But that's down from more than 4 per cent just a decade ago.

Gina Burgio, Mortgage Agent

VERICO Designer Mortgages Inc.

Toll Free: 1-877-34-LOAN-5 or 1-877-345-6265

Fax: 1-877-345-6256

Email: gina@ginaburgio.com

Posted by Gina Burgio on 09/30/2008 07:39 AM

Comments (1)

Inflation in the Mortgage / Finance Channel

mortgage, mortgage rates, mortgages, mortgage broker, interest rate, interest rates, rates, refinance, refinancing, credit, debt, loan, loans

This post has been included in Ontario Information Hamilton Wentworth County, ON Information Ancaster, ON Information
Post is included in group: Agent Mom
Post is included in group: Moms In Real Estate
Post is included in group: Mortgage Brokers
Post is included in group: Mortgage Professionals
Post is included in group: Mortgages

1 Comments on Is High Inflation on its way?

it's not on it's way.....it's HERE.

10/01/2008 12:50 AM

by Cheri' Smith, Realtor (ERA Whitaker Realty)

Leave a response…

Name:

Notify me of new comments:

Comment:

What does the graphic say?