Posts from the ‘Monday Morning Interest Rate Updates’ Category
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.
Falling U.S. Bond Yields Will Probably Push Canadian Mortgage Rates Lower
Monday Morning Interest Rate Update for October 7, 2019
Today’s post highlights the recent data that are pushing U.S. bond yields lower and explains why this will probably lead to lower Canadian mortgage rates.
Five Changes to Help Canada’s Housing Affordability Crisis
Monday Morning Interest Rate Update for September 30, 2019
In today’s post I turn my attention to a key issue for voters in our upcoming federal election: housing affordability.
Why the Bank of Canada Will Likely Match the Fed’s Next Rate Cut
Monday Morning Interest Rate Update for September 23, 2019
The U.S. Fed lowered its policy rate again last week and today’s post explains why the Bank of Canada will now be hard pressed to match any additional Fed cuts.
Will the Recent Bond Yield Run-up Push Canadian Mortgage Rates Higher?
Monday Morning Interest Rate Update for September 16, 2019
When the Bank of Canada (BoC) met on September 4, the Government of Canada (GoC) five-year bond yield stood at 1.12%, which marked a 52-week low. At the end of that meeting the Bank surprised market watchers when it released a more bullish than expected policy statement, and since then, our bond yields have moved […]
The Bank of Canada’s Surprising Announcement
Monday Morning Interest Rate Update for September 9, 2019
Last week the Bank of Canada (BoC) left its policy rate unchanged, at 1.75%, as the consensus expected, but it also surprised market watchers by maintaining policy-rate language that gave no hint of rate cuts to come.
At-Target Inflation Shouldn’t Delay the Bank of Canada’s Own Mid-Cycle Adjustment
Monday Morning Interest Rate Update for August 26, 2019
The Bank of Canada is in the enviable position of having at-target inflation to keep an eye on, but it should still cut its policy rate at its next meeting.
Denmark Introduces the First Mortgage with a Negative Interest Rate
Monday Morning Interest Rate Update for August 19, 2019
Global bond yields continued to plummet last week and Denmark launched the first negative interest rate mortgage. In today’s post I explain how this will likely impact the Bank of Canada’s thinking.
Why the Bank of Canada Should Cut its Policy Rate at its Next Meeting
Monday Morning Interest Rate Update for August 12, 2019
The Bank of Canada has reasons to cut its policy rate at its next meeting that go well beyond what the U.S. Federal Reserve is doing.
Why Did Financial Markets React as if the U.S. Federal Reserve Raised Last Week?
Monday Morning Interest Rate Update for August 6, 2019
The U.S. Federal Reserve dropped its policy rate by 0.25% last week but financial markets reacted as if the Fed had raised instead. Today’s post explains why.
Will Lenders Someday Be Paying Us to Take Out A Mortgage? (Don’t Wish For It)
Monday Morning Interest Rate Update for July 29, 2019
Today a staggering amount of bonds trade at negative yields. This prompts the question: Will mortgages ever be offered at negative interest rates?
