Soaring Population Creates a Mortgage Rate Conundrum

Also below:
• The Latest from RateLand
• Value Zone
• Equitable's New 3-year ARM Rate
• Mortgage Bytes

Markets are betting on 2024 rate cuts like they've got insider information.

But overconfidence in a position can bite one in the posterior. Mortgage shoppers should all be asking the same question: What could go wrong?

One thing that could go wrong is inflation snubbing the Bank of Canada's 2.4% year-end forecast.

If y/y CPI hovers in the high 2s or treacherous 3s this year, the probability of sustained rate cuts plummets.

But what could cause such a letdown?

And for the mortgage crowd, what's plan B if rate relief in 2024 doesn't pan out?

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