Floating Rates Getting Cheaper We’ve seen modest improvement in variable mortgage ratesover the last two weeks. Nothing ground breaking—about 0.05 percentage points of extra discounting—but it’s a start. Big banks...

The latest mortgage rate reconnaissance… Prime Sticks at 2.70% Poloz and Co. issued another snoozefest rate announcement this week. The BoC delivered the same narrative we’ve heard for months: Canada’s...

This Week in Rates The big promo launched this week was CIBC’s 4-year teaser special. You get 1.99% for the first nine months and 2.83% for the next 39 months,...

Don’t pop the Dom Pérignonjust yet, but rates on Canada’s most popular term—the 5-year fixed—havedroppedin the lasttwo weeks. And it’s hightime they did. Government bond yields have trendedbelow their three-month...

It got sort ofugly out there this week.Oil prices sank to dozen-yearlows, swap rates(which guidefixed mortgage rates) fell torecord depths and stocks tanked, before eventually recovering. Often times, market action...

It finally happened. After a year of bouncing off the 0.50% range, the 5-year government bond yield finally closed below it. The last time that happened was…never. Canada’s 5-year government...

When it comes to getting the lowestmortgage rate, where you live matters. Someone searching RateSpy.com from Halifax, for example, sees 2.49% astoday’slowest5-year fixed mortgage rate.Meanwhile, someone in Vancouver with the...

“The major banks are raising mortgage rates. Low rates won’t last.” That’s the message people have been fed for the last few months. Well, Meridian is changing the message. Ontario’s...

It’s fashionable to be negative these days. To have anegative yield, that is. Since 2012, it’s been increasinglycommon forgovernment bonds to have interest rates (yields) below zero. Not only are...

No rate-cut drama today. The Bank of Canada leftits key lending rate at 0.50% this morning, a move expected by about half the market. Mortgage Impact: Banks weren’t aboutto cut...