Variable rates on new mortgages could get a little cheaper this quarter, for one of four reasons, or maybe all four: Bankers’ acceptance (BA) rates — a general proxy for...

“What’s the lowest rate?” is one of those questions you can’t answer with one number. There are just too many factors that determine the rate someone pays. You have to...

The Mortgage Report: Jan. 6, 2021 U.S. 5-year yields leaped to a 7-week high on Wednesday as Democrats took control of all three houses of government, thanks to their historic...

The Mortgage Report: Jan. 4, 2021 2020 was a year that took pleasure in humiliating forecasters. From the remarkable bounce in housing, to the resilience of mortgage volumes, to the...

“Vaccines have come too late to avoid a bleak winter,” said Capital Economics in a report last week. The market agrees. Canada’s two-year bond yield, often used to forecast Bank...

Only fools lock in for a decade. That’s what many thought prior to this year, and some still do. But at least now it’s more debatable. That’s because, for the...

Quick Rundown Today’s Announcement:No change to rates Overnight rate:0.25% Prime Rate:2.45% (also no change; seePrime Rate) Market Rate Forecast:No BoC hikes until at least 2023 BoC’s Headline Quote: “The Governing...

—The Mortgage Report: Dec 7— HSBC’s 0.99% variable-rate special remains the talk of the industry. Consumers have noticed, too. Online mortgage searches are up nearly 50% in the last week,...

Canada’s fifth-largest bank reportedly has an unpublished 1.49% 4-year fixed special right now. That’s a new 4-year fixed record-low, and the lowest uninsured fixed rate in the country. It’s also...

Never in history has a Canadian bank advertised a mortgage rate with a zero to the left of the decimal point. Fortunately, there’s a first for everything. Effective December 4,...