Categories for Economic Analysis

Don’t Fear the Rate Blip

It’s been six whole days since RBC unexpectedly hiked mortgage rates, encouraging a herd of banks to follow its lead. But my oh my, how things can change in just one week. Interest rates outside the mortgage market have plummeted and rates are about to change…again. That’s got many thinking RBC’s rate hikes were just a blip (at least for fixed rates). If you’re a mortgage shopper,...

The Fed Moves

Here are five things to know about Wednesday’s 1/4% U.S. rate hike: It’s over and done with, and it’s about time. Talking heads have yacked about the start of Fed tightening for years now. Meanwhile, the big event finally happened yesterday and bond yields (which guide fixed mortgage rates) barely moved. Yes, the Fed’s actions could push up Canadian long-term rates somewhat, out of sympathy alone. But ultimately...

Mortgage Briefs – Down Payments & Rates

As we turn the page on 2015, get ready for a host of new mortgage trends in the next 12 months. We’ll see new down payment rules, more talk of negative interest rates, and surprising moves with bond yields. Analysts are already making their predictions on how mortgage shoppers will be affected. Here’s a glimpse of what they’re saying now: On Higher Down Payments Last week the...