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Canadian Mortgage Trends

Have fixed mortgage rates peaked? - Mortgage Rates & Mortgage Broker News in Canada

Have fixed mortgage rates peaked? - Mortgage Rates & Mortgage Broker News in Canada

Have fixed mortgage rates peaked? - Mortgage Rates & Mortgage Broker News in Canada
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Have fixed mortgage rates peaked? - Mortgage Rates & Mortgage Broker News in Canada
Have fixed mortgage rates peaked? - Mortgage Rates & Mortgage Broker News in Canada
Have fixed mortgage rates peaked? - Mortgage Rates & Mortgage Broker News in Canada
Have fixed mortgage rates peaked? - Mortgage Rates & Mortgage Broker News in Canada
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
Notwithstanding some additional rate hikes last week, fixed mortgage rates have seemingly plateaued following a stellar run-up over the past several months.
Notwithstanding some additional rate hikes last week, fixed mortgage rates have seemingly plateaued following a stellar run-up over the past several months.
Fixed mortgage rates expected to rise next week - Mortgage Rates & Mortgage Broker News in Canada
Fixed mortgage rates expected to rise next week - Mortgage Rates & Mortgage Broker News in Canada
Fixed mortgage rates expected to rise next week - Mortgage Rates & Mortgage Broker News in Canada
Fixed mortgage rates expected to rise next week - Mortgage Rates & Mortgage Broker News in Canada
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
Fixed mortgage rates are expected to take another step up next week, pushing some 5-year fixed mortgages into 6% territory. Five-year fixed mortgage rates typically follow the Government of Canada 5-year bond yield, which surged more than 40 basis points over the course of the week—briefly reaching a 14-year high on Friday—before retracing some of the gains. Why are bond yields rising? According to Ryan Sims, a mortgage broker with TMG The Mortgage Group and a former investment banker, mar...
Fixed mortgage rates are expected to take another step up next week, pushing some 5-year fixed mortgages into 6% territory. Five-year fixed mortgage rates typically follow the Government of Canada 5-year bond yield, which surged more than 40 basis points over the course of the week—briefly reaching a 14-year high on Friday—before retracing some of the gains. Why are bond yields rising? According to Ryan Sims, a mortgage broker with TMG The Mortgage Group and a former investment banker, mar...
Bond yields plunge. What it means for fixed mortgage rates - Mortgage Rates & Mortgage Broker News i...
Bond yields plunge. What it means for fixed mortgage rates - Mortgage Rates & Mortgage Broker News i...
Bond yields plunge. What it means for fixed mortgage rates - Mortgage Rates & Mortgage Broker News i...
Bond yields plunge. What it means for fixed mortgage rates - Mortgage Rates & Mortgage Broker News i...
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
Bond yields dove over 30 basis points on Friday as economic worries start to replace inflation concerns. Bond yields, which lead fixed mortgage rates, fell to 2.84% on Friday, down from 3.15% on Thursday and well off the 3.59% high reached in mid-June. The decline comes as investors are increasingly seeking the safety of the bond market (yields fall as demand for bonds rises) to ride out volatility in the stock indices and due to growing expectations of an economic downturn. Rate analyst Rob...
Bond yields dove over 30 basis points on Friday as economic worries start to replace inflation concerns. Bond yields, which lead fixed mortgage rates, fell to 2.84% on Friday, down from 3.15% on Thursday and well off the 3.59% high reached in mid-June. The decline comes as investors are increasingly seeking the safety of the bond market (yields fall as demand for bonds rises) to ride out volatility in the stock indices and due to growing expectations of an economic downturn. Rate analyst Rob...
Big banks hike short-term fixed mortgage rates as their popularity grows - Mortgage Rates & Mortgage...
Big banks hike short-term fixed mortgage rates as their popularity grows - Mortgage Rates & Mortgage...
Big banks hike short-term fixed mortgage rates as their popularity grows - Mortgage Rates & Mortgage...
Big banks hike short-term fixed mortgage rates as their popularity grows - Mortgage Rates & Mortgage...
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
Over the past week, nearly all of Canada’s Big-6 banks have increased their shorter-term fixed mortgage rates. The rate hikes have largely been limited to 1-, 2- and 3-year fixed mortgage products, including both special offer and posted mortgage rates. The hikes were seen at TD, Scotiabank, RBC, BMO and National Bank of Canada, and range from 10 to 55 basis points. But the big banks haven’t been the only lenders raising rates on those terms. According to data from MortgageLogic.news, the ...
Over the past week, nearly all of Canada’s Big-6 banks have increased their shorter-term fixed mortgage rates. The rate hikes have largely been limited to 1-, 2- and 3-year fixed mortgage products, including both special offer and posted mortgage rates. The hikes were seen at TD, Scotiabank, RBC, BMO and National Bank of Canada, and range from 10 to 55 basis points. But the big banks haven’t been the only lenders raising rates on those terms. According to data from MortgageLogic.news, the ...
The Latest in Mortgage News: Bond yields soar higher, fixed mortgage rates expected to follow - Mort...
The Latest in Mortgage News: Bond yields soar higher, fixed mortgage rates expected to follow - Mort...
The Latest in Mortgage News: Bond yields soar higher, fixed mortgage rates expected to follow - Mort...
The Latest in Mortgage News: Bond yields soar higher, fixed mortgage rates expected to follow - Mort...
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising. As we reported last week, the Government of Canada 5-year bond yield was already on its way up, crossing the 3.20% threshold. Well, on Monday it broke the 3.51% barrier. This is important because the 5-year bond yield is the best indicator for future moves in 5-year fixed mortgage rates. Fixed mortgage rates have already been trending higher, with discounted, nationally a...
Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising. As we reported last week, the Government of Canada 5-year bond yield was already on its way up, crossing the 3.20% threshold. Well, on Monday it broke the 3.51% barrier. This is important because the 5-year bond yield is the best indicator for future moves in 5-year fixed mortgage rates. Fixed mortgage rates have already been trending higher, with discounted, nationally a...
The latest in mortgage news: BoC rate hike expectations grow - Mortgage Rates & Mortgage Broker News...
The latest in mortgage news: BoC rate hike expectations grow - Mortgage Rates & Mortgage Broker News...
The latest in mortgage news: BoC rate hike expectations grow - Mortgage Rates & Mortgage Broker News...
The latest in mortgage news: BoC rate hike expectations grow - Mortgage Rates & Mortgage Broker News...
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year.
The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year.
NBC says rising rates will lead to mortgage market "normalization" - Mortgage Rates & Mortgage Broke...
NBC says rising rates will lead to mortgage market "normalization" - Mortgage Rates & Mortgage Broke...
NBC says rising rates will lead to mortgage market "normalization" - Mortgage Rates & Mortgage Broke...
NBC says rising rates will lead to mortgage market "normalization" - Mortgage Rates & Mortgage Broke...
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
National Bank of Canada, the smallest of the Big 6 banks, reported third-quarter earnings in line with market expectations. The bank’s executive team said its real estate-secured lending portfolio (i.e. mortgages and home equity lines of credit), performed well in the quarter, but that a slowdown is imminent in the coming quarters due to rising interest rates. “While higher rates have already impacted the housing market through lower volumes and prices, the resilience in our RESL portfolio...
National Bank of Canada, the smallest of the Big 6 banks, reported third-quarter earnings in line with market expectations. The bank’s executive team said its real estate-secured lending portfolio (i.e. mortgages and home equity lines of credit), performed well in the quarter, but that a slowdown is imminent in the coming quarters due to rising interest rates. “While higher rates have already impacted the housing market through lower volumes and prices, the resilience in our RESL portfolio...
Lenders hiking fixed mortgage rates again as bond yields hit a 13-year high - Mortgage Rates & Mortg...
Lenders hiking fixed mortgage rates again as bond yields hit a 13-year high - Mortgage Rates & Mortg...
Lenders hiking fixed mortgage rates again as bond yields hit a 13-year high - Mortgage Rates & Mortg...
Lenders hiking fixed mortgage rates again as bond yields hit a 13-year high - Mortgage Rates & Mortg...
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
Fixed mortgage rates are back on the rise after Canadian bond yields surged to a 13-year high on Wednesday. The Government of Canada 5-year bond yield, which leads fixed mortgage rates, has been on a tear, surpassing the 3.20% threshold this week—a level not seen since 2008. It has now risen over 60 basis points in under two weeks, closing higher each day since May 27. Fixed rates headed to 5% Given that fixed mortgage rates almost always follow bond yield movements, a new leg-up for fixed r...
Fixed mortgage rates are back on the rise after Canadian bond yields surged to a 13-year high on Wednesday. The Government of Canada 5-year bond yield, which leads fixed mortgage rates, has been on a tear, surpassing the 3.20% threshold this week—a level not seen since 2008. It has now risen over 60 basis points in under two weeks, closing higher each day since May 27. Fixed rates headed to 5% Given that fixed mortgage rates almost always follow bond yield movements, a new leg-up for fixed r...
Rocket Mortgage coming to Canada - Mortgage Rates & Mortgage Broker News in Canada
Rocket Mortgage coming to Canada - Mortgage Rates & Mortgage Broker News in Canada
Rocket Mortgage coming to Canada - Mortgage Rates & Mortgage Broker News in Canada
Rocket Mortgage coming to Canada - Mortgage Rates & Mortgage Broker News in Canada
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
The largest residential mortgage lender in the U.S. is about to enter the Canadian mortgage market. Rocket Mortgage U.S. announced today that it will officially begin doing business across Canada under the brand Rocket Mortgage starting August 8. It will do so through a rebrand of Ontario-based digital mortgage brokerage Edison Financial. The company says its mission will be to “revolutionize” the Canadian mortgage industry with an emphasis on “harnessing technology to simplify the home l...
The largest residential mortgage lender in the U.S. is about to enter the Canadian mortgage market. Rocket Mortgage U.S. announced today that it will officially begin doing business across Canada under the brand Rocket Mortgage starting August 8. It will do so through a rebrand of Ontario-based digital mortgage brokerage Edison Financial. The company says its mission will be to “revolutionize” the Canadian mortgage industry with an emphasis on “harnessing technology to simplify the home l...
Is Canada's mortgage stress test still relevant? - Mortgage Rates & Mortgage Broker News in Canada
Is Canada's mortgage stress test still relevant? - Mortgage Rates & Mortgage Broker News in Canada
Is Canada's mortgage stress test still relevant? - Mortgage Rates & Mortgage Broker News in Canada
Is Canada's mortgage stress test still relevant? - Mortgage Rates & Mortgage Broker News in Canada
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
Earlier this month, the Bank of England scrapped its mortgage affordability stress test. With mortgage rates now north of 4% and 5%, and presumably approaching their peak for this rate-hike cycle, some are wondering if changes to Canada’s stress test are overdue. The stress test’s history The mortgage stress test requires both insured and uninsured mortgage borrowers to prove they can meet monthly mortgage payments based on a rate of 5.25% or two percentage points higher than their contract...
Earlier this month, the Bank of England scrapped its mortgage affordability stress test. With mortgage rates now north of 4% and 5%, and presumably approaching their peak for this rate-hike cycle, some are wondering if changes to Canada’s stress test are overdue. The stress test’s history The mortgage stress test requires both insured and uninsured mortgage borrowers to prove they can meet monthly mortgage payments based on a rate of 5.25% or two percentage points higher than their contract...