Canada's Fixed Mortgage Rates Pushed up by German Rearmament??

#canadianmortgagerates #canadianeconomy #canadarealestate Canada’s fixed borrowing costs are seeing upward pressure on Germany’s rearmament plan, with T. Rowe Price predicting benchmark yields could rise as high at 6%. Links: T. Rowe Sees German Fiscal Push Emboldening 6% US Yield Call: https://www.bloomberg.com/news/articles/2025-03-21/t-rowe-sees-german-fiscal-push-emboldening-6-us-yield-call Germany Loosens Fiscal Chains to Transform European Defense: https://www.bloomberg.com/news/articles/2025-03-04/germany-will-set-up-500-billion-special-defense-fund Germany to loosen debt limit to allow more defence, infrastructure spending: https://globalnews.ca/news/11086612/germany-merz-parliament-spending-defence/ Germany’s military is struggling as Trump tests NATO, report shows: https://www.politico.eu/article/germany-military-struggling-us-donald-trump-nato-report/ What does the Bank of Canada’s rate cut mean for the housing market?: https://www.ctvnews.ca/business/real-estate/article/what-does-the-bank-of-canadas-rate-cut-mean-for-the-housing-market/ A bond selloff that began in Germany is causing borrowing costs to spike around the world: https://fortune.com/2025/03/06/bond-sell-off-germany-causing-borrowing-costs-spike-around-world/ German spending boost to leave lasting impact on world bond markets: https://www.reuters.com/markets/rates-bonds/german-spending-boost-leave-lasting-impact-world-bond-markets-2025-03-10/ Mortgage rates continue downward trend — but for how long?: https://financialpost.com/real-estate/mortgages/mortgage-rates/beginning-3s-4s Worst German bond rout since 1990 prompts global selloff: https://financialpost.com/investing/worst-german-bond-rout-1990-selloff Global bond sell-off deepens as Germany jolts markets: https://www.ft.com/content/06fa0c14-2deb-4aee-9189-1323beb1846e Germany set for massive rearmament as divide with US widens: https://www.france24.com/en/live-news/20250305-germany-set-for-massive-rearmament-as-divide-with-us-widens Germany Is Lifting a Foot Off Its ‘Debt Brake.’ Here’s Why.: https://www.nytimes.com/2025/03/18/world/europe/germany-debt-brake.html German MPs approve fiscal ‘bazooka’ package—paving way for over €1 trillion in defense spending: https://fortune.com/europe/2025/03/19/germany-fiscal-bazooka-defense-spending-friedrich-merz-infrastructure-russia-ukraine-trump-nato/ The Federal Budget in Fiscal Year 2024: An Infographic: https://www.cbo.gov/publication/61181 A bond selloff that began in Germany is causing borrowing costs to spike around the world: https://finance.yahoo.com/news/bond-selloff-began-germany-causing-193203367.html U.S. 10 Year Treasury Note: https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx Canada 5 Year Government Bond: https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx Bund 10-YR: https://www.cnbc.com/quotes/DE10Y-DE Canada bond yields wobble again as Trump escalates trade war: https://www.mpamag.com/ca/mortgage-industry/market-updates/canada-bond-yields-wobble-again-as-trump-escalates-trade-war/528163 Why 10-year Treasury note, dollar are getting hit by Germany’s spending plans: https://www.marketwatch.com/story/why-10-year-treasury-note-is-taking-a-hit-as-germany-ramps-up-military-spending-82492c63 European leaders push for even more defense spending — despite plans for $867 billion ‘ReArm’ package: https://www.cnbc.com/2025/03/20/european-leaders-push-for-even-more-defense-spending.html Tariffs offer a silver lining to Sudbury home owners, real estate agent says: https://www.cbc.ca/news/canada/sudbury/tariffs-housing-prices-1.7473562 Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.