Fixed Rate Mortgages Drop Again

[Rickson9]

"The 5-year yield (which influences 5-year fixed mortgage rates) is down strikingly in the last 30 days. It dropped another 12 basis points today.

"In less than a month, yields have tumbled 62 bps. That’s the biggest one-month drop since December 2008."

http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2010/05/plunging-confidence-drives-down-rates.html

[trent]

And your point is that this will save the Canadian housing market?

[Rickson9]

And your point is that this will save the Canadian housing market?

What does the Canadian housing market need saving from?