October 12, 2021
The Canadian economy added an impressive number of jobs last month, and our bond yields surged higher on the news. In today’s post I offer my take.
Posts from the ‘Monday Morning Mortgage Rate Updates’ Category
October 4, 2021
Today’s post explains how central bankers are walking the fine line between stimulating their economic recoveries and managing inflationary pressures.
September 27, 2021
Bond yields soared last week after the Fed announced that it would soon begin tapering. Today's post offers my take on how this may impact our mortgage rates.
September 20, 2021
Today’s post explains why I don’t think our current inflation spike portends higher mortgage rates.
September 13, 2021
The Bank of Canada (BoC) held its policy rate steady last Wednesday and, as expected, refrained from materially altering its forward guidance in deference to our current federal election. Because the Bank effectively stood pat last week, in this week’s post I will offer my assessments of the mortgage-specific proposals being put forth by our three main political parties. Let’s start with a summary of what each party has put forward, with the courtesy of Move Smartly’s editor Urmi Desai: I am an independent full-time mortgage broker and industry insider who helps Canadians from coast to coast. If you are purchasing, refinancing or renewing your mortgage, contact me or apply for a Mortgage Check-up to obtain the best available rates and terms.
September 7, 2021
The Bank of Canada (BoC) will be in a tough spot when it meets this week. Normally it would try to hold steady in the middle of a federal election so that its words and actions aren’t seen to be favouring one party over another. But normal left town when the pandemic arrived and hasn’t been seen since. The BoC will have to acknowledge our latest GDP data, which confirmed that our economy is on shakier footing than it previously believed, and more broadly, that we face a tougher road ahead. I am an independent full-time mortgage broker and industry insider who helps Canadians from coast to coast. If you are purchasing, refinancing or renewing your mortgage, contact me or apply for a Mortgage Check-up to obtain the […]
August 30, 2021
Last week US Fed Chair Powell bucked the market consensus and continued to espouse a slow-and-steady approach. Here's how that will impact our mortgage rates.
August 23, 2021
Fears surrounding imminent rate rises are pushing some mortgage borrowers away from variable-rate options, but are they really justified?