BoC Rate Hike Expectations Grow

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 Latest in Mortgage News: BoC likely to hike rates 75bps as inflation expectations grow - Mortgag...

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago

The odds of the Bank of Canada joining the “75-bps club” grew on Monday following the release of two Bank surveys that show inflation expectations on the rise. The BoC’s Business Outlook Survey and its Canadian Survey of Consumer Expectations, both released Monday, show consumers and businesses alike expect high inflation to persist longer than previously thought. Among businesses, the average expected wage increase climbed to a survey-high level. Nearly half of firms anticipate their wa...

March Inflation of 6.7% Sends BoC Rate Hike Expectations Higher

Canadian Mortgage Trends Canadian Mortgage Tr... | 2 years ago

Inflation continued to heat up in March, raising market expectations for future Bank of Canada rate hikes.

How will the latest rate hike impact variable-rate mortgage holders? - Mortgage Rates & Mortgage Bro...

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago

Variable-rate mortgages in Canada are now averaging about 4.20%, a full percentage point higher than they were a week ago. That’s thanks to the Bank of Canada’s latest 100-bps rate hike, which was followed by an equal increase in the big banks’ prime rate, upon which variable mortgages and lines of credit are priced. The prime rate at most lenders is now 4.70%, a level not seen since 2008, and up from 2.45% at the start of the year. “I think the big takeaway here is what it’s going...

Hawkish Bank of Canada announcement fuels rate hike expectations - Mortgage Rates & Mortgage Broker ...

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago

While today’s 50-bps rate hike was no surprise, the Bank of Canada’s hawkish statement that accompanied it was. Today’s rate increase—the second half-point hike in as many months, and the third of the year—was fully priced in by markets. It brings the Bank’s key lending rate to 1.50%, 125 basis points above its record-low levels, where it sat throughout the pandemic. Markets were instead focused on the accompanying statement, where the Bank reaffirmed its commitment to essentially ...

The Latest in Mortgage News: Borrowers Growing Worried Over Rate Hikes

Canadian Mortgage Trends Canadian Mortgage Tr... | 2 years ago

Rising interest rates are starting to weigh down Canadians' confidence in their finances, according to the latest results of the MNP Consumer Debt Index.

The Latest in Mortgage News: CMHC sees chance of a recession if BoC policy rate hits 3.5% - Mortgage...

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago

As the Bank of Canada continues to hike interest rates, the country’s housing agency sees the chance of a recession growing the higher rates go. The Canada Mortgage and Housing Corporation (CMHC) put out a report this week suggesting the likelihood of a two-quarter recession should the Bank of Canada take its overnight target rate to 3.5%, which CMHC considered a “high interest rate scenario.” The Bank’s key policy rate currently sits at 2.50% (as of July 13). “In this scenario, the ...

Rate Hike Expectations Grow, But How Long Will Higher Rates Last?

Canadian Mortgage Trends Canadian Mortgage Tr... | 2 years ago

As fixed mortgage rates continued to rise last week, variable-rate holders are expected to see their own increase next week.

Prime rate rises to 5.45% following the BoC's 75-bps rate hike - Mortgage Rates & Mortgage Broker Ne...

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago

Variable-rate mortgage holders will see their interest costs rise once again starting this week as prime rate rises to 5.45%. The country’s Big 6 banks announced the increase following the Bank of Canada’s 75-bps rate hike on Wednesday. This latest move takes the Bank’s overnight target rate to 3.25%—300 basis points higher than it was in March and officially above the Bank’s “neutral” target range and into restrictive territory. It’s also the fastest pace of rate tightening sin...

What the Fed rate hike means for your mortgage

better better | 2 years ago

The Federal Reserve just announced a hike in interest rates. So far, it hasn’t dramatically raised mortgage rates.

The latest in mortgage news: BoC rate hike expectations grow - Mortgage Rates & Mortgage Broker News in Canada

The latest in mortgage news: BoC rate hike expectations grow - Mortgage Rates & Mortgage Broker News in Canada

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The latest in mortgage news: BoC rate hike expectations grow - Mortgage Rates & Mortgage Broker News in Canada

The latest in mortgage news: BoC rate hike expectations grow - Mortgage Rates & Mortgage Broker News in Canada