fixed mortgage rate forecast

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

April 18, 2024 No Comments

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

Opinion: Are fixed mortgage rates poised to rise? Here’s why I think so.

April 3, 2024 1 Comment

It seems that the Canadian bond market has a spring in its step these days. After hitting a low around 3.26% in January, the Government of Canada 5-year bond yield—which typically leads fixed mortgage rates—finished Tuesday’s session at 3.63%.

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.

Banks and lenders cut fixed mortgage rates

Big banks slash mortgage rates this week to reflect lower bond yields in Canada

January 12, 2024 No Comments

Nearly all of the country’s big banks slashed their advertised fixed mortgage rates this week, in some cases by as much as 70 basis points (or 0.70%).

Experts predict lower mortgage rates as bond yields plunge

November 3, 2023 3 Comments

Mortgage shoppers and those with upcoming renewals may see some rate relief next week thanks to a steep drop in bond yields.

No rate cuts expected until second half of 2024, says BMO

September 26, 2023 No Comments

BMO Economics released its updated rate forecast today, reducing the amount of monetary policy easing it expects from the Bank of Canada in 2024.

Mortgage providers slash rates in wake of bond yield drop

March 20, 2023 1 Comment

It took some time, but mortgage rates are now responding to last week’s plunge in bond yields stemming from fears about systemic financial risk in the U.S. and Europe.