Author Archives for RateSpy Staff

Mortgage Paydown Overtakes Investing

The #1 financial priority for people with a mortgage is, you guessed it, paying down their mortgage. 42% of Canadians with mortgages say that is their top money goal, according to Manulife...

Fed Rate Cut on Deck

If market expectations are on the money, the U.S. Federal Reserve will drop its key policy rate on Wednesday — for the first time in over a decade. Unlike most...

An Avalanche of New Mortgage Data

Here are seven things you may not know about Canada’s mortgage market. The source: CMHC’s insightful new Residential Mortgage Industry Report. 1) Variable Rates Looked Good (Keyword Being “Looked”) Almost...

Rates Slip Further

Canadian interest rates are still sliding. On Monday, Canada’s 5-year bond yield—which drives fixed mortgage rates—closed in the 1.50% range, something it hasn’t done since November 2017. Dozens of lenders have...