Robert McLister·Mortgage Commentary·February 12, 2010Counterpoint to CAAMP’s Findings CAAMP’s recent findings (that 86% of 2009 home buyers chose fixed rates) is being questioned by Scotia Capital economist, Derek Holt. This is from a recent Macleans article: “I have difficulty with the CAAMP report,” says Holt. “I think their study grossly underestimates mortgage rate sensitivities.” He thinks “as many as” 50% of new mortgages are subject to rate risk because of them having variable or 1-year terms. (We haven’t seen any other published stats corroborating this sort of number.) Holt says: “It doesn’t even really matter if they went variable rate or fixed rate, because pretty much all of the mortgage market in Canada resets in the next five years.” Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.