Mortgage-Rate Primer: Five Key Recent Posts

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.

My Take on the Bank of Canada’s Latest Forecasts

This post provided highlights from the Bank of Canada’s latest policy statement and Monetary Policy Report.

Canadian Employment Surges, But Bond Yields Don’t

This post explains why our employment data surged in June, and why our bond market (uncharacteristically) shrugged at that news.

Why the US Employment Data Are Key for Canadian Mortgage Rates

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.

How Will Canadian Mortgage Rates Be Impacted by the Fed’s New Rate-Hike Timetable?

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).

Fixed or Variable? Let the Current Inflation Debate Be Your Guide

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?

Rate Table (July 12, 2021)-1

David Larock is an independent full-time mortgage broker and industry insider who works with Canadian borrowers from coast to coast. David's posts appear on Mondays on this blogMove Smartly, and on his blog, Integrated Mortgage Planners/blog.
 

 

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