Here's the latest on news and developments that may impact Canadian mortgage rates.
I was on vacation last week so today I will offer a recap of recent posts in case you missed them the first time around.
This post provided highlights from the Bank of Canada’s latest policy statement and Monetary Policy Report.
This post explains why our employment data surged in June, and why our bond market (uncharacteristically) shrugged at that news.
This post provided highlights from the latest US employment report and explains why the US jobs data may impact Canadian mortgage rates more than our own over the near term.
This post provided highlights from the Fed’s most recent policy statement. I interpreted the Fed’s comments as being more dovish than the consensus initially assessed and predicted that the associated run-up in bond yields would be short lived (which proved correct).
Finally, no highlight of recent posts would be complete without including my latest take on the mortgage question every borrower loves to ask: Will I save more with a fixed or variable rate over the next five years?
July 26, 2021Mortgage |