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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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>> No.56276580 [View]
File: 696 KB, 782x1016, Screenshot 2023-08-31 at 20-24-29 Homeowners with mortgages at three big banks face growing balances as interest rates rise.png [View same] [iqdb] [saucenao] [google]
56276580

>>56274787
Canadians are leveraged up to their tiny little nipples

>> No.56129581 [View]
File: 696 KB, 782x1016, Screenshot 2023-08-31 at 20-24-29 Homeowners with mortgages at three big banks face growing balances as interest rates rise.png [View same] [iqdb] [saucenao] [google]
56129581

>>56128343
20% of canadian mortgages are in negative amortization.
both the UK and Canada have short fixed rate terms of up to 5 years and also many on variable rate, so all of these people will renew on higher rates if "higher for longer" is true.
The situation in both countries is very, very different to the USA. Both also have far smaller currencies so they cannot simply "print" without market discipline kicking in.

>> No.56065841 [View]
File: 696 KB, 782x1016, Screenshot 2023-08-31 at 20-24-29 Homeowners with mortgages at three big banks face growing balances as interest rates rise.png [View same] [iqdb] [saucenao] [google]
56065841

>>56065285
> Three major Canadian banks have disclosed that about 20 per cent of their residential mortgage borrowers – representing nearly $130-billion in loans – are seeing their balances grow as their monthly payments no longer cover all the interest they owe.

TWENTY PERCENT. WTF.

>> No.56005912 [View]
File: 696 KB, 782x1016, Screenshot 2023-08-31 at 20-24-29 Homeowners with mortgages at three big banks face growing balances as interest rates rise.png [View same] [iqdb] [saucenao] [google]
56005912

>>56003410
TWENTY PERCENT

>> No.55995531 [View]
File: 696 KB, 782x1016, Screenshot 2023-08-31 at 20-24-29 Homeowners with mortgages at three big banks face growing balances as interest rates rise.png [View same] [iqdb] [saucenao] [google]
55995531

Three major Canadian banks have disclosed that about 20 per cent of their residential mortgage borrowers – representing nearly $130-billion in loans – are seeing their balances grow as their monthly payments no longer cover all the interest they owe.
How the fuck is CAD holding up? BoC will try to hold at their next meeting when the Fed raise.

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