April 20, 2020
Here are five highlights from the Bank of Canada's latest policy statement and Monetary Policy Report with my take on the implications for our fixed and variable mortgage rates.
Posts from the ‘Monday Morning Mortgage Rate Updates’ Category
April 13, 2020
Last week we learned that our economy lost more than 1 million jobs in March. As the significant economic impacts of the lockdown begin to take form, now seems like a good time to speculate on how lenders will adapt their mortgage lending policies to the new reality.
April 6, 2020
If you need a mortgage now and you don’t already have a commitment in place, a variable rate seems like the clear choice. Today's post explains why.
March 30, 2020
Last week the BoC cut its policy rate by another 0.50% and our policy makers took other unprecedented steps to limit the economic damage being done by COVID-19.
March 23, 2020
Canadian mortgage rates surged higher last week, which surprised borrowers. In today's post I explain why that happened and offer advice to four different groups of borrowers on how to navigate through the COVID-19 crisis.
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.
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).