There’s more media sensation over the Investor’s Group offering a 3-year prime-minus 1.01% variable rate mortgage (which gives a snazzy 1.99% headline). The rest of their rates are fairly mediocre, so this is clearly pure marketing instead of them trying to invade the mortgage market. The three-year government bond yield is 1.17% and they will … Continue reading Cheap capital being dumped into the housing market