"The Department of Finance continues to monitor housing through a microscope. There’s been a large rebound in home sales lately, which has some in the mortgage business fearing more regulatory tightening. But given that:
- most people have expended their sub-3% pre-approved mortgage rates
- affordability has deteriorated
- we’re still feeling residual effects of last year’s mortgage regulations…
…the fall housing market might not maintain such a vigorous pace."
Rob McLister, CMT
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