Posts tagged ‘mortgage advice’
Disappointing Employment Data Portend Less Inflation (and Lower Mortgage Rates)
Monday Morning Interest Rate Update for May 10, 2021
Last week’s Canadian and US employment data cast doubt on the market consensus narrative that inflation is about to take off.
Why the Bank of Canada Won’t Hike Before the US Fed
Monday Morning Interest Rate Update for May 3, 2021
The US Federal Reserve still isn’t planning to raise its policy rate for a long time and today’s post explains why that limits the Bank of Canada’s options.
The Bank of Canada Blinks
Monday Morning Interest Rate Update for April 26, 2021
The Bank of Canada (BoC) and the bond market were in a stand off over where inflation and interest rates are headed. Until last week, when the BoC blinked.
An Important Week Ahead for Canadian Mortgage Rates (and Real Estate)
Monday Morning Interest Rate Update for April 19, 2021
This week the federal government will release its budget, the BoC will issue latest policy statement, and Stats Can will provide our latest inflation data. Whew!
What Can Be Done About Rising House Prices?
Monday Morning Interest Rate Update for April 5, 2021
As house prices continue to soar, many observers are becoming increasingly worried and are imploring policy makers to step in to cool prices. Here are my thoughts.
A Recap of Recent Posts
Monday Morning Interest Rate Update for March 29, 2021
Last week was a slow one for mortgage-rate news, so today I offer a recap of three recent posts.
Central Bank vs. the Bond Market: Round 2
Monday Morning Interest Rate Update for March 22, 2021
Last week’s post explained that the bond market and the BoC are currently in a fight about future inflation. In this week’s post the US Fed joins the fray.
Fixed or Variable Mortgage Rate – Which One Should You Choose?
Monday Morning Interest Rate Update for March 8, 2021
The rather sudden widening of the gap between fixed vs. variable mortgage rates makes this a good time to once again compare the two options.
Fixed Mortgage Rates Rise on Inflation Fears – But Are These Concerns Warranted?
Monday Morning Interest Rate Update for March 1, 2021
In today’s post I explain why I don’t think higher inflation (and higher fixed mortgage rates) are here to stay.
A Worst-Case Scenario
Monday Morning Interest Rate Update for January 18, 2021
Every forecast concedes that the path of the virus will determine the fate of all else, before then assuming that it will be brought to heel. But what if it isn’t?
Will Job Losses Hasten the Bank of Canada’s Next Rate Cut?
Monday Morning Interest Rate Update for January 11, 2021
Our employment recovery stalled out last month, and in this week’s post I offer my take on how that will impact our mortgage rates.
Canadian Mortgage-Rate Forecast for 2021
Monday Morning Interest Rate Update for January 4, 2021
This week’s post offers my mortgage-rate forecast for 2021. (Spoiler alert: I think the consensus has it wrong.)
Have Canadian Mortgage Rates Bottomed?
Monday Morning Interest Rate Update for November 16, 2020
The recent run-up in the GoC bond yields that Canadian fixed mortgage rates are priced on raises an important question: Have mortgage rates bottomed?
Will October Mark the End of Canada’s Employment Recovery?
Monday Morning Interest Rate Update for November 9, 2020
Last Friday Statistics Canada released its latest employment report and estimated that our economy added another 84,000 jobs in October. This result came in a little higher than the consensus forecast of 75,000 but well below the robust increases we saw in September (+378,000) and August (+246,000). The more jobs we recover, the slower the […]
Fixed- or Variable-Rate Mortgage? Right Now It’s No Contest
Monday Morning Interest Rate Update for November 2, 2020
In today’s post I explain why the Bank of Canada’s most recent comments should end the fixed vs. variable debate until face masks are a distant memory.
