Posts from the ‘Monday Morning Interest Rate Updates’ Category
How Will Choppy Waters Ahead Impact Canadian Mortgage Rates?
Monday Morning Interest Rate Update for June 29, 2020
Last week new BoC Governor Tiff Macklem made his first public comments and he sounded notably less optimistic than his predecessor. Today’s post explains.
Why Record-Low Mortgage Rates Now Seem Inevitable
Monday Morning Interest Rate Update for June 22, 2020
In today’s post I explain why record low mortgage rates now seem inevitable and offer my take on how borrowers can take advantage of the current conditions.
Beware the Siren Call of HSBC’s 1.99% Five-Year Fixed-Rate Mortgage
Monday Morning Interest Rate Update for June 15, 2020
Today’s post uses HSBC’s 1.99% offer to explain why the terms and conditions in your mortgage contract can cost you much more than a small difference in rate.
How CMHC’s Surprise Announcement May Help in the End
Monday Morning Interest Rate Update for June 8, 2020
Last week CMHC announced that it would tighten its underwriting rules for mortgage-default insurance. Today’s post outlines the changes and finds a silver lining.
The Length of Our Recovery Could Have a Surprising Impact on Your Mortgage
Monday Morning Interest Rate Update for June 1, 2020
In his final speech, BoC Governor Poloz argued that fears about coming economic hardship are overblown. Here is my take on his comments, viewed in part through a mortgage lens.
Why CMHC Shouldn’t Raise Its Minimum Down Payment from 5% to 10%
Monday Morning Interest Rate Update for May 25, 2020
Last week, CMHC CEO Evan Siddall floated the idea of increasing the minimum down payment required to purchase a residential property from 5% to 10%. Here is my take.
To Review
Monday Morning Interest Rate Update for May 19, 2020
Here are links to five of my most popular recent posts describing the unusual mortgage market we find ourselves in today and how best to navigate through it.
Will Record Job Losses Lead to Negative Bond Yields?
Monday Morning Interest Rate Update for May 11, 2020
Today’s post explains how our current run of dramatic job losses has increased the odds that Government of Canada bond yields will eventually fall below 0%.
Should You Break Your Fixed-Rate Mortgage for a Lower Rate?
Monday Morning Interest Rate Update for May 4, 2020
Many fixed-rate borrowers are wondering if they can save money by breaking their mortgage and switching to a lower rate. Today’s post provides some examples to help answer that question.
Canadian Mortgage Rates Are Finally Starting to Fall
Monday Morning Interest Rate Update for April 27, 2020
Most borrowers are surprised to learn that mortgage rates are higher now than they were before the oil price crash and COVID-19. That may finally be changing.
Is the Bank of Canada’s Firehose Working?
Monday Morning Interest Rate Update for April 20, 2020
Here are five highlights from the Bank of Canada’s latest policy statement and Monetary Policy Report with my take on the implications for our fixed and variable mortgage rates.
Our New Canadian Mortgage Landscape?
Monday Morning Interest Rate Update for April 13, 2020
Last week we learned that our economy lost more than 1 million jobs in March. As the significant economic impacts of the lockdown begin to take form, now seems like a good time to speculate on how lenders will adapt their mortgage lending policies to the new reality.
The Slam Dunk Mortgage Option Right Now (and a Warning about HELOCs)
Monday Morning Interest Rate Update for April 6, 2020
If you need a mortgage now and you don’t already have a commitment in place, a variable rate seems like the clear choice. Today’s post explains why.
The Bank of Canada Cuts Again and Policy Makers Get Creative
Monday Morning Interest Rate Update for March 30, 2020
Last week the BoC cut its policy rate by another 0.50% and our policy makers took other unprecedented steps to limit the economic damage being done by COVID-19.
Mortgage Strategies for the Coronavirus Crisis
Monday Morning Interest Rate Update for March 23, 2020
Canadian mortgage rates surged higher last week, which surprised borrowers. In today’s post I explain why that happened and offer advice to four different groups of borrowers on how to navigate through the COVID-19 crisis.
