Mortgage competition is an exquisite thing, especially on days like this. Canada’s 5-year government bond yield sprang to a two-month high today. Normally that’s a cluethat fixed mortgage rates are...

Another Bank of Canada rate meeting has come and gone with no shift in prime rate. Here’s pretty much the only line in the Bank’s 421-word statement worth repeating: “On...

“Mortgage rates have bottomed.” That’s what some economists were proclaiming last year. The market then did what the market likes to do, confound and humble those who try to predict...

Economic events that could move your mortgage rate, in no particular order… Frisky Fiscal Stimulators “…The bond market would react very badly to a sudden move to fiscal easing.”—J.P. Morgan...

Crude oil and mortgage rates have had a cozy correlation in recent years. More often than not, they move in the same direction. Last week oil dipped below$40—more than 20%...

If you’ve everbroken your mortgage early, you know that figuring out the mortgage prepayment charge, or “penalty”as it’s commonlyknown, can bea hassle. Until recently, mortgagorswanting to sell their home or...

“What the inflation market is currently pricing is an incredibly benign inflation trajectory in the next 10 to 20 years.” Martin Hegarty, head of BlackRock’s inflation-linked bond portfolio in New...

Yesterday’s Bank of Canada Decision: Roses in a Weed-patch You’ve got to hand it to Bank of Canada head Stephen Poloz. He’s remained as optimistic as a dog before dinner....

This past week, Canada’s bank regulator (OSFI)toldlenders toconsider increasing the hypothetical interest rates they use when stress testing applicants’ mortgage payments. Currently, if you’re getting a variable or 1- to...

Brexit Fallout: Non-Radioactive (So Far) It’s been 12 days since Britain voted to cancel its EU membership. That news dropped a bomb on the market but thankfully it wasn’t nuclear....