ryan sims

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.

Rise in bond yields could send fixed mortgage rates higher, experts say

January 18, 2024 No Comments

A sudden rise in bond yields this week could cause some lenders to reverse recent fixed mortgage rate cuts, experts say.

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%).

Latest in mortgage news: bond yields plunge as U.S. inflation eases

November 14, 2023 No Comments

Canadian bond yields took another step down today following the release of lower-than-expected inflation data south of the border.

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.

What rising inflation means for Bank of Canada rate hikes

Bond yields surge to new heights, mortgage rates expected to jump another 20 bps

October 4, 2023 No Comments

On Tuesday, the Government of Canada 5-year bond yield jumped to an intraday high of 4.46% before retreating somewhat to 4.42%. Over the past two weeks, yields have risen by over 40 basis points, or 0.40%.

Latest in mortgage news: Mortgage rates keep surging higher

September 28, 2023 No Comments

Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise.

Fixed mortgage rates expected to surge as bond yields reach 15-year high

September 22, 2023 2 Comments

Fixed mortgage rates could surge higher in the coming week after Government of Canada bond yields—which lead fixed mortgage rates—shot up to a 16-year-high.