mortgage interest rates News and Articles | My Blog
Interest rate cut welcome news for homeowners with variable-rate mortgages
9/5/2024 | Posted in Mortgage Interest Rates by Paul DeAdder
Real estate experts say the Bank of Canada’s third consecutive interest rate cut is welcome news for variable-rate mortgage holders, but it could still be some time ... More
Bond yields fall to 2-year lows, more rate cuts to follow
8/4/2024 | Posted in Mortgage Interest Rates by Paul DeAdder
Bond yields plummeted late last week as economic instability prompted investors to seek the safety of bonds.
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Fixed mortgage rates are falling again. Here's why
8/1/2024 | Posted in Mortgage Interest Rates by Paul DeAdder
Canadian lenders are cutting fixed mortgage rates following a drop in bond yields. But what’s behind these latest moves?
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Borrowers must adapt to 'new normal' of higher rates, says Macklem
6/16/2024 | Posted in Mortgage Interest Rates by Paul DeAdder
Interest rates may slowly start to be easing around the world, but they won’t be returning to pandemic levels and borrowers will need to adjust accordingly.
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Rise in bond yields could send fixed mortgage rates higher, experts say
1/18/2024 | Posted in Mortgage Interest Rates by Paul DeAdder
This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say.
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Big banks and lenders slash mortgage rates in time for the holidays
12/21/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
Several of Canada’s big banks and numerous other lenders are offering a practical gift for borrowers this holiday season: lower mortgage rates.
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Bank of Canada could start cutting rates next year, says governor - BNN
12/19/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
The Bank of Canada could start cutting interest rates next year as long as core inflation comes down as predicted, BNN Television cited Governor Tiff Macklem as saying in an ... More
Bond yields surge to new heights, mortgage rates expected to jump another 20 bps
10/4/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
Over the past two weeks, yields have risen by over 30 basis points, or 0.30%. Since bond yields typically lead fixed mortgage rate pricing, rates have been steadily on the ... More
Latest in mortgage news: Mortgage rates keep surging higher
9/29/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise.
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Fixed mortgage rates expected to surge as bond yields reach 16-year high
9/22/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
Fixed mortgage rates could surge higher in the coming week after Government of Canada bond yields—which lead fixed mortgage rates—shot up to a 16-year-high.
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Fixed rates back as top mortgage product of choice: National Bank
8/23/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon.
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Expect interest rates to remain high until 2025: former BoC governor
8/2/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
A prolonged period of heightened interest rates will be critical to Canada’s central bank reaching its inflation target, a former Bank of Canada Governor said.
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Canadian market participants see rates staying at 5 per cent in 2023: BoC survey
7/24/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
The Bank of Canada (BoC) will not raise rates again and will start cutting a little later than previously anticipated, according to a survey of market participants released by ... More
Bank of Canada raises policy rate 25 basis points, continues quantitative tightening
7/12/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy ... More
Another week, another rise in fixed mortgage rates. How high could they go?
6/24/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
Mortgage lenders, including most of the big banks, have continued to hike their fixed mortgage rates following the recent surge in Government of Canada bond yields, which are ... More
Bank of Canada likely to hike again in July: TD
6/16/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
Central banks seek sweet spot between fighting inflation and sparking recession
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"More pain" for variable-rate mortgage holders as the BoC hikes rates
6/7/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
Variable-rate mortgage holders are in for “more pain” following the Bank of Canada’s half-expected decision to hike interest rates again.
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Further BoC hike may be necessary, says leading economist
5/24/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
The central bank has kept the policy rate frozen at 4.5% in its two most recent meetings
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Interest rates are plunging - so why aren't mortgage rates?
4/5/2020 | Posted in Mortgage Interest Rates by Paul DeAdder
Bond yields and central bank rates have never been lower, but not all the savings are filtering down.
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Mortgage rates are rising in Canada despite virus-relief cuts
3/31/2020 | Posted in Mortgage Interest Rates by Paul DeAdder
Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.
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