Posts tagged ‘mortgage rate forecast’
How Will Choppy Waters Ahead Impact Canadian 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.
Why Record-Low Mortgage Rates Now Seem Inevitable
Monday Morning Interest Rate Update for June 22, 2020
In today’s post I explain why record low mortgage rates now seem inevitable and offer my take on how borrowers can take advantage of the current conditions.
The Length of Our Recovery Could Have a Surprising Impact on Your Mortgage
Monday Morning Interest Rate Update for June 1, 2020
In his final speech, BoC Governor Poloz argued that fears about coming economic hardship are overblown. Here is my take on his comments, viewed in part through a mortgage lens.
Is the Bank of Canada’s Firehose Working?
Monday Morning Interest Rate Update for April 20, 2020
Here are five highlights from the Bank of Canada’s latest policy statement and Monetary Policy Report with my take on the implications for our fixed and variable mortgage rates.
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.
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.
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.
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.
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.
