Hey Maple Ridge Realtors! The key report for today is the highly anticipated read on employment in the U.S.
April, non-farm payrolls surged by 288,000 driving the unemployment rate down from 6.7% to 6.3%, its lowest level in more than five years. Expectations had been for a 210,000 increase.
The employment rebound is seen as further evidence Q2 will be much better than Q1, which saw plodding growth of just 0.1%.
The U.S. Fed shrugged of the first quarter's sluggish performance in its latest monthly meeting and will continue to unwind its bond buying program.
North American markets were all trading higher in the early going.
Bond yields range from -3 to +2.
Commercial Bond Yields
Canada Mortgage Bond
Canada Housing 06/15/19*: 1.97%
Canada Housing 12/15/19 : 2.09%
Canada Housing 06/15/24*: 2.86%
*denotes interpolated rate
Select Government of Canada Bonds
CAN 3.75 06/01/19: 1.69%
CAN 2.50 06/01/24: 2.42%
GOC Bonds are for reference purposes only
First National Floating Insured Cost of Funds
Bank Prime Rate
1 Year: 3.09%
2 Year: 3.04%
3 Year: 3.44%
4 Year: 3.94%
5 Year: 4.79%
c/o Ed Kieser
Director, Commercial Mortgages
and Broker Services
This blog is written and supported by:www.Canadian1st.ca & www.MapleRdigeForSale.ca
#200 - 11830 223rd Street Maple Ridge BC V2X 5Y1
1 - 32540 Logan Ave Mission BC V2V 6G3
O 604 466 5077 or 604 826 5733
F 877 826 2621
Connect with us on Facebook:
Maple Ridge real estate for sale, Maple Ridge REALTORS®, and Maple Ridge MLS® Listings. Access Maple Ridge real estate listings, Maple Ridge REALTORS®, new homes and Maple Ridge foreclosures. We also have information on Maple Ridge home selling, home buying and mortgages, movers and other realty services in Maple Ridge and area.
Mission real estate for sale, Mission REALTORS®, and Mission MLS® Listings. Access Mission real estate listings, Mission REALTORS®, new homes and Mission foreclosures. We also have information on Mission home selling, home buying and mortgages, movers and other realty services in Mission and area.
We love providing the flexibility to exceed expectations. The Open Platform Real Estate Concept for Innovators and Adaptors.