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.

Pros and cons of a 10-year fixed mortgage: Is stability worth the cost?

November 10, 2024 1 Comment

The 10-year mortgage has long been a niche product in the Canadian mortgage market.

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.

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?

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.

Canadians not negotiating their renewal rates

Borrowers leaving money on the table by not negotiating their mortgage renewal rates

June 12, 2024 2 Comments

According to a recent survey conducted Mortgage Professionals Canada, Canadians are doing less haggling at renewal, despite most facing higher interest rates.

Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC

May 29, 2024 No Comments

CMHC says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4% year-over-year and representing the slowest growth in 23 years.

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.

13,000 CIBC mortgage clients have come out of negative amortization

December 18, 2023 4 Comments

Over the past three months, roughly 13,000 CIBC clients have taken action to bring their mortgages out of negative amortization.

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