Did the U.S. Federal Reserve Just Tell Markets That It Would Raise Rates in December? Monday Morning Interest Rate Update (November 2, 2015)

The Latest Bank of Canada Report Implies Our Next Rate Hike May Come in Mid-2017 - Monday Morning Interest Rate Update (October 26, 2015)

Five Ways That A Sustained Period of Ultra-Low Interest Rates Can Hurt Our Economy – Monday Morning Interest Rate Update (October 19, 2015)

I hope you had a relaxing Thanksgiving weekend. We couldn’t have asked for better weather in the GTA! Five-year Government of Canada bond yields rose seven basis points last week, closing at 0.87% on Friday. Several lenders have recently raised their five-year fixed rates, but you can still find them in the 2.49% to 2.59% range. Five-year fixed-rate pre-approvals remain at rates as low as 2.64%. Five-year variable-rate mortgages are available in the prime minus 0.65% to prime minus 0.75% range, depending on the size of your mortgage and the terms and conditions that are important to you. That said, most lenders have lowered their discounts on variable-rate mortgages to prime minus 0.50%, so I don’t expect these more deeply discounted variable rates to be around for much […]

Why the Weak U.S. Employment Data Give No Cause for Canadian Mortgage Borrowers to Celebrate - Monday Morning Interest Rate Update (October 5, 2015)

U.S. Fed Chair Yellen Continues to Confuse Markets - Monday Morning Interest Rate Update (September 28, 2015)

The U.S. Federal Reserve Holds Rates But Loses Credibility - Monday Morning Interest Rate Update (September 21, 2015)

What the Bank of Canada’s Latest Statement Means for Canadian Mortgage Rates - Monday Morning Interest Rate Update (September 14, 2015)