rising rates at renewal time

Fixed mortgage rates surge higher as bond yields break above 4%

August 18, 2023 No Comments

Bond yields broke through a key resistance point this week, leading to a fresh round of fixed mortgage rate increases.

Mortgage borrowers to see payments increase by 20-40% at renewal: Bank of Canada

May 19, 2023 4 Comments

The Bank of Canada says it it concerned about the ability of households to service their debt, particularly as mortgage holders are facing payment increases of up to 40% at renewal.

Mortgage renewal strategies in today’s high interest rate environment

May 7, 2023 No Comments

The current interest rate climate for mortgage brokers and their clients is dramatically different compared to just a year ago, requiring a whole new strategy when it comes to renewals.

Mortgage borrowers worried about rising payments at renewal

Over half of mortgage borrowers concerned about renewals

October 31, 2022 No Comments

A new survey has found that 53% of Canadian mortgage borrowers are concerned about the prospect of higher monthly payments at renewal time.

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rising rates at renewal time

Fixed mortgage rates surge higher as bond yields break above 4%

Mortgage borrowers to see payments increase by 20-40% at renewal: Bank of Canada

Mortgage renewal strategies in today’s high interest rate environment

Over half of mortgage borrowers concerned about renewals

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