jerome powell Archives - Mortgage Rates & Mortgage Broker News in Canada

Fed minutes spark market turmoil: Making sense of it and why Canadian mortgage rates are likely to rise

December 18, 2024 3 Comments

I thought it would be really hard to top Monday’s chaotic events in Parliament, but it looks like I was wrong. Today at 2 p.m.,

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.

Rate cut odds steep following weak inflation data

Canada’s latest GDP figures may prompt Bank of Canada summer rate cut: Economists

April 30, 2024 No Comments

Canada’s quarterly gross domestic product edged up 0.2% in Febuary, according to Statistics Canada data published April 30, suggesting the Bank of Canada may have a reason to cut rates in the summer.

Fixed mortgage rates are rising. What’s the deal?

April 18, 2024 1 Comment

As variable-rate mortgage holders eagerly anticipate the Bank of Canada’s first rate cut, fixed rates are heading in the other direction: up.

Fixed mortgage rates in Canada resume their decline amid economic volatility

February 3, 2024 No Comments

After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down.

Big banks and lenders slash mortgage rates in time for the holidays

December 21, 2023 2 Comments

Several of Canada’s big banks and numerous other lenders are offering a practical gift for borrowers this holiday season: lower mortgage rates.

Fixed mortgage rates continue to rise in Canada

Another week, another rise in fixed mortgage rates. How high could they go?

June 23, 2023 No Comments

Another week and another round of fixed rate hikes have swept Canada’s mortgage market.

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