fixed mortgage rates Archives - Mortgage Rates & Mortgage Broker News in Canada

Why three big banks raised fixed mortgage rates despite falling bond yields

December 2, 2024 2 Comments

Despite low bond yields, banks and other lenders are continuing to raise rates. We talked to several rate experts to understand why.

Higher bond yields to push up fixed mortgage rates

Experts predict Canadian mortgage rates will rise next week following latest surge in bond yields

November 21, 2024 No Comments

In just two months, Canadian bond yields have surged by over 61 basis points (0.61 percentage points), with a jump of roughly 17 bps in the past week.

Fixed mortgage rates may not follow Bank of Canada cuts, former TD economist warns

November 11, 2024 3 Comments

While plenty of consumers believe the Bank of Canada’s steady interest rate cuts will drop mortgage rates meaningfully across the board, economist Don Drummond isn’t so sure that prediction applies to fixed rate mortgages.

What the Bank of Canada’s 50-bps rate cut means for borrowers

October 23, 2024 No Comments

Variable-rate borrowers can breathe a little easier with today’s latest rate reduction.

Weeks of cuts give way to mortgage rate hikes as U.S. job numbers soar

October 7, 2024 No Comments

While everyone has been enjoying some amazing fall weather, the temperature isn’t the only thing heating up.

Mortgage rate war intensifies as rates dip below 4%

September 20, 2024 1 Comment

A fierce rate-cutting battle is underway, with experts now calling it a full-blown mortgage rate war.

Mortgage Digest: Bond yields fall to 2-year lows, more rate cuts to follow

August 4, 2024 No Comments

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

Lenders cut fixed mortgage rates in August

Fixed mortgage rates are falling again. Here’s why

August 1, 2024 No Comments

Canadian lenders are cutting fixed mortgage rates following a drop in bond yields. But what’s behind these latest moves?

Weekly mortgage digest: Which big banks just dropped fixed rates?

July 10, 2024 No Comments

After a spike in bond yields last week prompted some mortgage lenders to increase certain rates, fixed mortgage rates are again trending downward.

Canadian bond yields rebound sharply, sending some mortgage rates higher

July 2, 2024 No Comments

After being on a downward path for the past two months, Canadian bond yields have reversed course and are once again on the rise.

fixed mortgage rates