The average 30-year fixed mortgage rate dipped back toward 7% this week, settling at 7.20%.
Recent rate volatility — including this week's drop and last month's rise — has prompted some financial institutions to modify their mortgage outlook for the rest of 2024.
The Federal Reserve held the federal funds rate steady last week. Meanwhile, mortgage rates — influenced by the Fed's benchmark — have surged past 7% over the last three weeks. Higher for longer rates mean homebuyers must shell out more of their monthly paycheck to afford a home. These Canadian stocks could help TFSA investors generate solid tax-free capital gains and dividends. The post TFSA: 4 Canadian Stocks to Buy and Hold Forever appeared first on The Motley Fool Canada.Stocks are primed to tumble into a bear market as bullish investors have driven equities to 1929 extremes, famed fund manager says3 No-Brainer Stocks I’d Buy Right Now Without Hesitation
Investing in solid growth stocks can make you rich over time, especially if you keep buying their shares at good valuations. The post Got $3,000? 2 Monster Growth Stocks to Buy Right Now Without Hesitation appeared first on The Motley Fool Canada.Telus Corp. plans to invest $73 billion to bolster its networks over the next five years, chief executive Darren Entwistle announced Thursday at the telecommunications company's annual general meeting.
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