March 8 roundup - MoneySense

March 8 roundup

On the mortgage rate war, new house prices and guitar-maker Fender tugging on investors’ heartstrings.


•Homeowners might be pleased to know a new ultra-low 10-year fixed rate mortgage has just hit the market. But there’s two sides to every coin and experts say what’s good for Canadians’ pocketbooks today might spell trouble down the road .

•In other real estate news, StatsCan said Thursday that new home prices rose 0.1% in January over December. Year over year however, prices are up 2.4%.

•Attention music lovers: Fender has filed for a $200 million IPO. The public offering is expected to help the company pay down its $246.2 million debt load.