Student Loans

Wacovia Student Loans – BANK LOWERS RATE to Support Ailing HOUSING MARKET

wacovia-student-loans-bank-lowers-rate-to-support-ailing-housing-market

Wacovia Student Loans – Whats The Best?

Royal Bank of Canada has become the first of the major banks to lower its posted interest rate for five-year fixed-term mortgages, a move that has been widely anticipated amid tumbling bond yields

-~-~~-~~~-~~-~-
Please watch: “Mike in The Night ! – The Great Reset – #mikeinthenight #talkshow #Thegreatreset”
https://www.youtube.com/watch?v=D3SCIZ0zge4
-~-~~-~~~-~~-~-

Thanks for watching the Wacovia Student Loans video!

Watch the Wacovia Student Loans video on Youtube

17 Comments
Share

17 Comments

  1. Steve Ross
    July 24, 2021 at 9:37 pm

    Great content Mike. Which market in B.C. do you think will stand to benefit the most now that the millennial generation has fully realized they will never be able to afford to own anything in Vancouver? Recently I heard Kelowna is poised to be become a mini Vancouver with lots of high rises downtown, decent paying IT jobs and a rapidly growing University.

  2. MrFourkinghell
    July 24, 2021 at 9:37 pm

    Jesus Mike you really need to use some FACTS!!!!!! Australia has not moved rates for 2.5 YEARS!!!! They have NOT cut rates. That is misinformation.
    Get your facts right dude.

  3. Jacob1986
    July 24, 2021 at 9:37 pm

    This is just a gimmick. I work at a bank most of the mortgage biz has dried up. Ppl who qualified before now cant requalify so they gotta go to places like home cap at higher rates

  4. oldmansgoldchannel
    July 24, 2021 at 9:37 pm

    Five years from now surely we will be in recession or coming out of recession. Everbody will refinance their mortgage at lower rate in recession. This move is no brainer. Many are taking short term mortgage so they have take lower rate mortgage in recession.

  5. Joseph Lim
    July 24, 2021 at 9:37 pm

    Many people are in negative equity positions you say. Peoples mortgages coming up for renewals bought their properties 3-5 years ago depending on the term they’ve entered into back then. Since 2015, condo prices have almost doubled. So getting a renewal on these small mortgages should not be a problem. Not to mentioned their income likely have gone up too. Thus solidify by approval.
    What RBC is doing is because no one is qualified under the stress test, they’re tryjng to drum up business on their own. Cost of money (BOC) still the same so it cuts into their profit margins a bit. So what they say because mortgages are their primary source of sales and the stress test is not allowing them to lend any money out. Eventually stress test will be reduced/eliminated as real rates increased by 1.25% and inching closer to the 2% fictional rate. And I’m sure they have analysis which concludes BOC will unlikely continue with raising rate campaign in short term so why not put the items on sale. They can always take down the sale sign if necessary.

  6. Craig's Classics
    July 24, 2021 at 9:37 pm

    Kicking the can as far as it can go…

  7. mrzack888
    July 24, 2021 at 9:37 pm

    People wanna save. Why do they want to save? Because they are uncertain of the future and at old age they need to spend that savings because they no longer are productive to earn money. But You can't save unless there's an increase in creation of money supply. But an increase in money supply causes asset prices to shoot up. To rectify this you can dissuade people to save. How? By creating general inflation of all goods and services. But that is easier said than done. The other option is having a very generous retirement and social welfare health care program like in Europe and other developed Asian nations. This way, people will have no problem spending their money into the economy and paying higher taxes to the federal government ( Money uncreation or money destruction) knowing that they will be taken care of after retirement.

  8. Stephen Williams
    July 24, 2021 at 9:37 pm

    Isnt it ironic that they were trying to increase the rates but instead they have to be lowering it? Talk about a catch 22 situation.

  9. The Farmers Daughter
    July 24, 2021 at 9:37 pm

    Great to hear your help in encouraging people to build new. One caution…fix your construction loan rate. Ours went from 6.37% to 10%. Thats a killer.

  10. Inder
    July 24, 2021 at 9:37 pm

    Wow… interesting.

  11. misterrobotoC
    July 24, 2021 at 9:37 pm

    Royal bank is criminal and you bank with them? LOL! mikey! Just do online banking with tangerine or eq bank.

  12. Arthur Treibs
    July 24, 2021 at 9:37 pm

    Wanna buy a condo? Get your head read first! It'll save you a fortune.
    https://www.youtube.com/watch?v=uJC8QhrppGs

  13. Lord Humongus
    July 24, 2021 at 9:37 pm

    How can RBC lower rates when they are insolvent lol. Canadian Confidence is in the Toilet? Trudeau the Twat better call up the Royal Mint and start minting real Silver Maples.

  14. Don Pablo
    July 24, 2021 at 9:37 pm

    Remember the banks don't want to end up owning the houses.
    The banks have to find new people to uptake the people fleeing the market.
    This is a bad sign not a good one.

  15. voygirl1954
    July 24, 2021 at 9:37 pm

    I want to buy something in rural New Brunswick. Any info?

  16. voygirl1954
    July 24, 2021 at 9:37 pm

    Love this channel!💖

  17. AndreNickatlna
    July 24, 2021 at 9:37 pm

    Most banks were predicting rising interest rates and with the recent news that the US apparently won’t be raising interest rates as much or at all in 2019 must have given Canadian banks more confidence.

    Could we see a larger rise in housing prices now?