Weakening labour markets would, if history is a guide, likely be followed by falling interest rates, which would then in turn lower the refinance risk faced by current mortgage holders.
On June 11th, 2024. See this statement in context.
On June 11th, 2024. See this statement in context.
Superintendent, Office of the Superintendent of Financial Institutions
Weakening labour markets would, if history is a guide, likely be followed by falling interest rates, which would then in turn lower the refinance risk faced by current mortgage holders.
See context to find out what was said next.