TSX:BPO.PR.A - Post by User
Comment by
SONOFFERGUSon May 31, 2024 2:47pm
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Post# 36066755
RE:RE:RE:RE:RE:Variable or Fix Rate mortgage renewal????
RE:RE:RE:RE:RE:Variable or Fix Rate mortgage renewal????Not what I want at all. I want for you to understand how a bank makes money. Then you can get back to your BPO short squeeze analyses.
Lol read the fine print on that 3.99%. Not posted rates, broker teaser rates. 1% break fee if don't roll into term.
Go to a real bank, compare mortgage and GIC rates to yield curve. Take note of the relationship.
Will banks lean on their pricing to reflect their rate expectations? Of course -- they're competing for assets and funding. Mortgage spreads are compressing at the short end. Do they baseline on the Canada curve? Of course.