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.
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March 9, 2020
Financial markets are driven by two competing forces: fear and greed. Last week, greed left town and fear took centre stage. Today's post explains.
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).
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.
February 20, 2020
If you are among the many mortgage borrowers who isn’t clear on the difference between mortgage term and mortgage amortization, here is a simple explanation to help clarify.
February 18, 2020
The terms and conditions in your mortgage contract can have a surprisingly significant impact on your overall borrowing cost. My link in today's post provides a detailed example.
February 10, 2020
Last week TD Bank lowered its posted five-year rate to 4.99%. TD’s move by itself isn’t enough to drop the stress-test rate. Other Big Six banks will need to follow. That’s where this gets interesting.
February 3, 2020
Contagion fears are stoking demand for safe-haven assets, such as sovereign bonds, putting downward pressure on their yields, and by association, the fixed mortgage rates that are priced on them.