Moody’s Mark Zandi says get used to mortgage rates at around 6% for the long-term – Canada Boosts
Anybody eyeing mortgage charges, which reached above 8% in October, will be excused for longing after the pandemic lows of sub-3% mortgages. However it’s unlikely these rock-bottom charges will return within the close to future, in line with Mark Zandi, chief economist at Moody’s Analytics. As an alternative, the veteran market watcher expects charges to…