Posts from the ‘Monday Morning Interest Rate Updates’ Category

  • 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.

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  • 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.

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  • Fixed or Variable? To Be Determined …

    Monday Morning Interest Rate Update for March 16, 2020

    The Bank of Canada and the U.S. Federal Reserve continued to slash their policy rates last week. My next fixed vs. variable simulation will be postponed until these five key questions are answered.

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  • How Much Longer Will the Bank of Canada Stand Pat?

    Monday Morning Interest Rate Update for March 2, 2020

    The Bank of Canada (BoC) meets this week and the consensus believes the Bank will finally cut its policy rate. Today’s post outlines the factors that are driving that view, and offers my take on why I think the BoC will stand pat (tough call though that is).

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  • 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.

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  • 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.

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