A feeling or state of nervousness or excitement caused by wondering what will happen. That’s the definition of suspense. And that’s what the financial community is feeling right now about...

It’s been sixwhole days since RBC unexpectedlyhiked mortgage rates, encouraging aherd of banks to follow its lead. But my oh my,how things can change in just oneweek. Interest rates outside...

Mega-lender RBC announced today that it is raising 2- to 5-year fixed rates by 10 basis points and variable rates by 15 bps. (A basis point is 1/100th of a...

Here are five things to know about Wednesday’s1/4% U.S. rate hike: It’s over and done with, and it’s about time. Talking heads haveyacked about the start of Fed tighteningfor years...

The latest mortgage rate intel… Variable rates. The fix is in?: Variable rates have gone vertical, ramping up 25-35 basis points in a matter of weeks. It seems like every...

The Spy’slatestmortgage rate intel… Fixed Rates 5-year fixed rates are up 15-20 basis points in the last 60 days (ouch). A basis point, or bps, is 1/100th of a percentage...

Those of you shopping for a mortgage can be forgiven forcursing the Federal Reserve.The U.S. Fed is hinting that December will mark its first rate hike in nine years. Most...

In recentweeks, lenders’ funding costs for variable-rate mortgageshave jumped up to one-tenth of a percentage point. That’slargely due to higher-perceived credit risk in the overall financial markets. Being the profit-seeking...

Variable mortgage rates are under some pressure.A half-dozen lenders, including some major banks and large non-bank lenders, have shrunk their variable-rate discounts by0.10 to 0.15 percentage points in the last...

Lenders’ funding costs in the fixed-rate market have been trending up for two weeks. Yetstill,we’ve seen a small dip in the best 5-year fixed rates.Variable rates have beenmostly unchanged. For...