June 21, 2021
The US Federal Reserve moved up its rate-hike timetable last week. US & CDN bond yields spiked in response and in today’s post I offer my take on the implications for our mortgage rates.
Posts from the ‘davethemortgagebroker’ Tag
June 14, 2021
The Bank of Canada didn’t make any major changes to its outlook last week, but its latest policy statement did contain a few noteworthy items.
June 7, 2021
The latest US and CDN employment reports fell short of expectations once again. Today's post offers my take on the implications for Canadian mortgage rates.
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.
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 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.