Posts from the ‘Monday Morning Interest Rate Updates’ Category

  • Canadian Mortgage Rate Forecast for 2018 – Part 2 (Five-Year Variable Rates)

    Monday Morning Interest Rate Update for January 15, 2018

    In today’s post I offer my forecast for five-year variable rates in 2018. At the end of the post I also offer my take on whether five-year fixed or variable rates are likely to offer the lowest cost over the next five years and, more importantly, my take on which is the better option for most borrowers in the current environment.

    Continue Reading

  • How the Coming Mortgage Rule Changes Are Likely to Impact Canadians in 2018

    Monday Morning Interest Rate Update for December 18, 2017

    In today’s post, in the spirit of another new year’s tradition, I’m going to poke my neck out further than usual and offer predictions on how I think the impacts from the coming mortgage rule changes will materialize in the new year. (Note: The only certainty with the following predictions is that when you combine them with $1.50 you can buy one cup of hot coffee.)

    Continue Reading

  • The Mortgage Rule Changes That Need to Be Changed

    Monday Morning Interest Rate Update for November 27, 2017

    On January 1, 2018, our regulators will implement a sixth round of mortgage rule changes as part of their ongoing attempts to slow our economy’s rate of mortgage debt accumulation. While I agree in principle with their instincts and with their earlier changes, I take issue with their most recent methodology. For example, in a […]

    Continue Reading

  • All eyes were on Bank of Canada (BoC) Governor Poloz last Wednesday when he spoke at the Board of Trade in St. John’s, Newfoundland. Market watchers have been debating whether the Bank would now pause, after reversing the two 0.25% rate cuts that it had made in 2015 in response to the oil-price shock, or continue to raise rates to mitigate against the risk of rising inflationary pressures over the medium term. The answer to that key question has important implications for both fixed and variable mortgage rates.

    Continue Reading

  • How Inflation Is Likely to Impact Canadian Mortgage Rates in the Near Future

    Monday Morning Interest Rate Update for September 25, 2017

    Market watchers are currently engaged in a spirited debate about whether the Bank of Canada (BoC) will continue to raise its policy rate in the near future. In last week’s post I explained why the Loonie’s recent movements against a basket of other currencies make more near-term BoC rate rises unlikely, and in today’s post we’ll take a detailed look at the latest inflation data, which I believe further bolsters that view.

    Continue Reading

Sign up for Dave’s Monday Morning Updates
To get regular updates from Dave the Mortgage Broker, please sign up below.
Never display this again