The ECB Favours a Scalpel But If It Dithers For Too Long, The Market Will Intervene With A Chainsaw - Monday Morning Interest Rate Update (October 31, 2011).
Today's post is my Quarterly Mortgage-Market Update. It focuses on the euro-zone crisis and explains why the fear it generates has helped drive Canadian mortgage rates to ultra-low levels. As usual, I wrap up by offering a view on where fixed and variable rates may be headed in future.