- In the past few months, bond prices have dumped (spiking their yields) to discount for a whopping 3% of central bank rate hike plans over the next year.
- In April, mortgage rates rose further, with the offered 5-year fixed-rate at the big five banks above 4%.
- Despite many still having lower pre-approved rate offers (from before the latest hikes), the median single-family sale price in the first three weeks of April was significantly lower than in the first three weeks of February.
For further details see:
Bubble Prices And Rising Rates Are A Deflationary Force For Home Prices