Some quick hits on the mortgage/rate market (we’ll update these throughout the day): 5:14 p.m. Update Behold Sub-2% Variables:Existing variable-rate borrowers with prime – 1.00% are now enjoying 1.95% mortgage...

Some quick hits on the mortgage/rate market (we’ll update these throughout the day): 7:29 p.m. Update Prepare for “Prime Rate Variables”:Expect one or more major banks to hike “discounted” variable...

The world’s most powerful central bank has slashed its main interest rate by one whole percentage point. This is the U.S. Federal Reserve’s largest emergency cut in its100+ year history....

Prior to the last few days, consumers had expected falling Bank of Canada rates and lower bond yields to translate into cheaper mortgage rates. And they have, big-time. But these...

Our Big 6 Banks chose not to announce their prime rates following Friday’s surprise Bank of Canada rate drop. Instead, people in a floating rate mortgage or HELOC must wait...

The Bank of Canada has made an unscheduled emergency rate cut for the first time since the 2009 financial crisis. Today, it dropped its overnight rate half a point to...

Canada could see government interest rates below zero for the first time in history. That’s not a prediction, but it’s a real possibility. The probability of recession has surged from...

It feels like it’s starting. Like the coronavirus impact is starting to have a negative effect on mortgage pricing. If you need a mortgage in the next 90-120 days and...

Five quick bulletins from the mortgage market: 1. Canada’s 5-year swap, which guides fixed mortgage rates, is on track for one of its biggest down days in history. Driving this...

Here’s the latest on mortgage rates following the maniacal once-or-twice-a-decade-type week we just had in the markets… Where Mortgage Rates Landed A quick look at this week’s major rate drops...