Posts tagged ‘Mortgage Rates’
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.
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.
How Much Longer Will the Bank of Canada Stand Pat?
Monday Morning Interest Rate Update for March 2, 2020
The Bank of Canada (BoC) meets this week and the consensus believes the Bank will finally cut its policy rate. Today’s post outlines the factors that are driving that view, and offers my take on why I think the BoC will stand pat (tough call though that is).
How Last Week’s Mortgage Stress-Test Change Will Impact Borrowers
Monday Morning Interest Rate Update for February 24, 2020
Last week our federal government announced that it will change the way the Bank of Canada calculates the stress-test rate that lenders use to qualify all insured mortgage applications. In today’s post I will explain what changed and offer five key observations relating to it.
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.
The Bank of Canada Can’t Ignore the Lofty Loonie for Much Longer
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.
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.
Denmark Introduces the First Mortgage with a Negative Interest Rate
Monday Morning Interest Rate Update for August 19, 2019
Global bond yields continued to plummet last week and Denmark launched the first negative interest rate mortgage. In today’s post I explain how this will likely impact the Bank of Canada’s thinking.
Mortgage Secrets from an Independent Mortgage Broker
Last Updated on February 27th, 2020
Independent mortgage brokers don’t just save you money, they give you access to a range of options you probably didn’t even know you had. Today’s post explains.
Introducing Integrated Mortgage Planners’ New Monday Morning Interest Rate Update (April 4, 2011)
Monday Morning Interest Rate Update for April 4, 2011
Introducing Integrated Mortgage Planners’ New Monday Morning Interest Rate Update (April 4, 2011)
The Best Mortgage Product No One is Talking About
Last Updated on December 14th, 2018
Conservative borrowers who prefer fixed rates almost always choose a five-year term. In today’s environment, I think there’s a much better deal to be had, even if no one is talking about it. In today’s post, I make my case.
Fixed or Variable? The Question People Love to Ask
Last Updated on November 10th, 2017
Should you choose a fixed or variable rate mortgage? After having spent the last decade listening to experts opine on this question I know the one person you should ask. Who? The answer may surprise you.
