Posts tagged ‘Mortgage Rates’
Fixed or Variable? Mortgage Rate Forecast: COVID-19 Edition
Monday Morning Interest Rate Update for August 10, 2020
It’s been a wild rate for Canadian mortgage rates of late and in today’s post we take a fresh look at the fixed vs. variable question.
Why Our Record Employment Gains Aren’t Impacting Mortgage Rates
Monday Morning Interest Rate Update for July 13, 2020
Today’s post explains why our recent record employment growth hasn’t impacted our mortgage rates and likely won’t for some time yet.
The Must-Have Mortgage Toolkit for Every Home Buyer
Monday Morning Interest Rate Update for July 6, 2020
Today’s post offers links to posts and calculators that will benefit anyone who is actively looking to purchase a home.
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.
Beware the Siren Call of HSBC’s 1.99% Five-Year Fixed-Rate Mortgage
Monday Morning Interest Rate Update for June 15, 2020
Today’s post uses HSBC’s 1.99% offer to explain why the terms and conditions in your mortgage contract can cost you much more than a small difference in rate.
How CMHC’s Surprise Announcement May Help in the End
Monday Morning Interest Rate Update for June 8, 2020
Last week CMHC announced that it would tighten its underwriting rules for mortgage-default insurance. Today’s post outlines the changes and finds a silver lining.
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.
Why CMHC Shouldn’t Raise Its Minimum Down Payment from 5% to 10%
Monday Morning Interest Rate Update for May 25, 2020
Last week, CMHC CEO Evan Siddall floated the idea of increasing the minimum down payment required to purchase a residential property from 5% to 10%. Here is my take.
To Review
Monday Morning Interest Rate Update for May 19, 2020
Here are links to five of my most popular recent posts describing the unusual mortgage market we find ourselves in today and how best to navigate through it.
Will Record Job Losses Lead to Negative Bond Yields?
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%.
Should You Break Your Fixed-Rate Mortgage for a Lower Rate?
Monday Morning Interest Rate Update for May 4, 2020
Many fixed-rate borrowers are wondering if they can save money by breaking their mortgage and switching to a lower rate. Today’s post provides some examples to help answer that question.
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.
Our New Canadian Mortgage Landscape?
Monday Morning Interest Rate Update for April 13, 2020
Last week we learned that our economy lost more than 1 million jobs in March. As the significant economic impacts of the lockdown begin to take form, now seems like a good time to speculate on how lenders will adapt their mortgage lending policies to the new reality.
The Bank of Canada Cuts Again and Policy Makers Get Creative
Monday Morning Interest Rate Update for March 30, 2020
Last week the BoC cut its policy rate by another 0.50% and our policy makers took other unprecedented steps to limit the economic damage being done by COVID-19.
Mortgage Strategies for the Coronavirus Crisis
Monday Morning Interest Rate Update for March 23, 2020
Canadian mortgage rates surged higher last week, which surprised borrowers. In today’s post I explain why that happened and offer advice to four different groups of borrowers on how to navigate through the COVID-19 crisis.
