June 15, 2020
Today’s post uses HSBC’s 1.99% offer to explain why the terms and conditions in your mortgage contract can cost you much more than a small difference in rate.
Posts from the ‘Monday Morning Mortgage Rate Updates’ Category
June 8, 2020
Last week CMHC announced that it would tighten its underwriting rules for mortgage-default insurance. Today's post outlines the changes and finds a silver lining.
June 1, 2020
In his final speech, BoC Governor Poloz argued that fears about coming economic hardship are overblown. Here is my take on his comments, viewed in part through a mortgage lens.
May 25, 2020
Last week, CMHC CEO Evan Siddall floated the idea of increasing the minimum down payment required to purchase a residential property from 5% to 10%. Here is my take.
May 19, 2020
Here are links to five of my most popular recent posts describing the unusual mortgage market we find ourselves in today and how best to navigate through it.
May 11, 2020
Today's post explains how our current run of dramatic job losses has increased the odds that Government of Canada bond yields will eventually fall below 0%.
May 4, 2020
Many fixed-rate borrowers are wondering if they can save money by breaking their mortgage and switching to a lower rate. Today's post provides some examples to help answer that question.
April 27, 2020
Most borrowers are surprised to learn that mortgage rates are higher now than they were before the oil price crash and COVID-19. That may finally be changing.