Posts from the ‘Monday Morning Interest Rate Updates’ Category
Happy Family Day Long Weekend
Monday Morning Interest Rate Update for February 18, 2020
The terms and conditions in your mortgage contract can have a surprisingly significant impact on your overall borrowing cost. My link in today’s post provides a detailed example.
Is the Mortgage Stress-Test Rate About to Drop?
Monday Morning Interest Rate Update for February 10, 2020
Last week TD Bank lowered its posted five-year rate to 4.99%. TD’s move by itself isn’t enough to drop the stress-test rate. Other Big Six banks will need to follow. That’s where this gets interesting.
Canadian Mortgage Rates Move Lower After Bond Yields Drop on Coronavirus Fears
Monday Morning Interest Rate Update for February 3, 2020
Contagion fears are stoking demand for safe-haven assets, such as sovereign bonds, putting downward pressure on their yields, and by association, the fixed mortgage rates that are priced on them.
The Bank of Canada’s Cautionary Comments Push Fixed Mortgage Rates Lower
Monday Morning Interest Rate Update for January 27, 2020
The Bank of Canada offered a decidedly more cautious outlook last week. Government of Canada bond yields fell in response and five-year fixed rates started dropping shortly thereafter.
Forecast for Canadian Fixed and Variable Mortgage Rates in 2020
Monday Morning Interest Rate Update for January 13, 2020
In today’s post I offer my predictions of where our fixed and variable mortgage rates are headed in 2020.
Are Changes to the Mortgage Stress Test Coming?
Monday Morning Interest Rate Update for December 16, 2019
Last week Prime Minister Trudeau asked Finance Minister Morneau to review the mortgage stress test. Here are my thoughts on two tweaks he should recommend.
Five Takeaways from the Bank of Canada’s Latest Policy Statement
Monday Morning Interest Rate Update for December 9, 2019
The Bank of Canada didn’t raise rates last week and it sounded surprisingly optimistic about our economy’s prospects. Today’s post offers my take.
Our Latest GDP Data Aren’t Likely to Alter the Bank of Canada’s Outlook
Monday Morning Interest Rate Update for December 2, 2019
Last week’s GDP data came in lower than the Bank of Canada expected but I don’t think that will cause the Bank to cut its policy rate when it meets this week.
The Latest Inflation Data Bolster the Bank of Canada’s Patience. But Should They?
Monday Morning Interest Rate Update for November 25, 2019
Last week we learned that overall inflation rose by 1.9% on a year-over-year basis in October.
The consensus believes that at-target inflation will prevent the Bank of Canada from cutting its policy rate in the near future, but I don’t think it should.
The Bank of Canada Can’t Ignore the Lofty Loonie for Much Longer
Monday Morning Interest Rate Update for November 18, 2019
The Bank of Canada’s reluctance to cut its policy rate has caused the Loonie to appreciate against other currencies, creating a headwind that has hurt our export sales. The cost of its continued inaction is growing.
Should Canadian Variable-Rate Borrowers Lock in Now?
Monday Morning Interest Rate Update for November 11, 2019
Today’s post answers an increasingly popular question: Should variable-rate mortgage borrowers lock in a fixed rate now?
The Bank of Canada Didn’t Cut Last Week, But It Likely Will Soon
Monday Morning Interest Rate Update for November 4, 2019
Today’s post offers my take on how the Bank of Canada’s latest Monetary Policy Report and accompanying policy statement will impact Canadian mortgage rates.
How Savvy Canadians Are Saving Thousands on Their Mortgages
Monday Morning Interest Rate Update for October 28, 2019
Today’s post illustrates the value of a fixed-rate mortgage’s flexibility.
Why Are Canadian Fixed Mortgage Rates Rising Again?
Monday Morning Interest Rate Update for October 21, 2019
Last week’s market-moving news centred around the announcement of phase one of a U.S./China trade deal, but a closer look at the details leads me to conclude that any associated boost will likely be short lived.
If the Bank of Canada Delays Interest-Rate Cuts, It Won’t Be for This Reason
Monday Morning Interest Rate Update for October 15, 2019
The idea that the Bank of Canada will delay rate cuts for fear that it will increase borrowing and accelerate house-price growth is flawed for two reasons. Today’s post explains.
