Joel Elconin – Markets Rebound To End The Week And Data Out Of Canadian Banks Show Mortgage Trending To Greater Then 35 Year Amortizations
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.