Tag Archive: mortgage qualifying rate


Canada’s Stress-Test Rate Falls. First Time in Three Years.

The most important rate in the mortgage industry has dropped. Better late than never. The benchmark posted 5-year fixed rate has fallen from 5.34% to 5.19%. It’s the first change since May 9, 2018. And it’s the first decrease since Sept. 7, 2016, despite a 106-basis-point nosedive in Canada’s 5-year bond rate since November 8. Why it Matters The benchmark rate...

TD’s Mortgage Rate Gambit

Confusion and angst. That’s what TD caused with its 45-basis-point 5-year posted rate hike on Friday. But as it turns out, no other banks matched it, at least not yet. Unless you’re a TD customer, the bank’s gambit should have limited ill effects. Status Quo with the Stress Test TD’s monster move had no impact on the mortgage qualifying rate (MQR) this week,...