Posts tagged ‘fixed 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.
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%.
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.
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.
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.
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.
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.
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.
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.