Joel Elconin – Markets Rebound To End The Week And Data Out Of Canadian Banks Show Mortgage Trending To Greater Then 35 Year Amortizations
March 3, 2023
Joel Elconin, Co-Host of The Benzinga PreMarket Prep Show and Editor of The PreMarket Prep website joins us to recap the market moves this week ending with on a positive note. We discuss the short term trend which is higher, a couple higher lows for the S&P, and is being lead by tech.
There is also some data from TD and CIBC showing residential mortgages shifting amortizations to grater than 35 years. Essentially kicking the can down the road to help homeowners limit the massive increases they’ve seen in mortgage payments.
Click here to visit Joel’s PreMarket Prep website.
Mar 03, 2023 03:57 PM
Mortgages greater than 35 years, is more than possible, in Japan real estate got so crazy that people were taking out 75-year mortgages. You will own nothing; you will owe nothing, and you will be happy. Anything is better than being a slave to a mortgage you can never pay off. You better hope that you never lose your job or your spouses, because it will take two incomes, you never experience a divorce, you never have children (plural), inflation stays muted, you don’t get sick or in a car accident, you don’t have a gambling habit or play the stock market or die……………………………………..! DT