Posts tagged ‘mortgage rate forecast’
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.
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 11, 2019
Today’s post answers an increasingly popular question: Should variable-rate mortgage borrowers lock in a fixed rate now?
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.
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.