May 31, 2021
In today's post I outline both sides of the current inflation debate, and explain how it informs my current take on the fixed vs. variable trade-off.
Posts from the ‘Monday Morning Mortgage Rate Updates’ Category
May 25, 2021
Here are links to some of my most popular recent posts.
May 17, 2021
The inflation bogeyman has arrived. Last week we learned that the US Consumer Price Index (CPI) spiked to 4.2% in April, coming in well above the consensus forecast of 3.6% and marking its highest reading since September 2008. US core inflation, which strips out the more volatile CPI inputs like food and energy, surged to 3.0% in April. That result also far surpassed the consensus forecast of 2.3% and was the highest result since January 1996. 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.
May 10, 2021
Last week’s Canadian and US employment data cast doubt on the market consensus narrative that inflation is about to take off.
May 3, 2021
The US Federal Reserve still isn't planning to raise its policy rate for a long time and today's post explains why that limits the Bank of Canada's options.
April 26, 2021
The Bank of Canada (BoC) and the bond market were in a stand off over where inflation and interest rates are headed. Until last week, when the BoC blinked.
April 19, 2021
This week the federal government will release its budget, the BoC will issue latest policy statement, and Stats Can will provide our latest inflation data. Whew!
April 12, 2021
Last week we learned that our banking regulator (OSFI) will increase the stress-test rate for uninsured mortgages on June 1. This post offers my take.