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GDP Cliff Dive Hands Rate Shoppers a Gift

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See also:
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• Canada’s GDP Craters, Just as the BoC Expected
• Bond Traders Yawn as U.S. Inflation Climbs Again
• Mortgage Tidbits (below)

Borrowers can set aside worries of rising rates this long weekend; Friday's data will leave nothing rising except maybe BBQ lids.

Indeed, Friday was a good day for low-rate lovers, courtesy of GDP temporarily falling off a cliff. And should next week’s jobs figures bomb as well, mortgage rates could tumble further.

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