We all know that the market is very volatile right now. Among all those volatilities there are certain indicators those are pointing towards a rate rebound. The short term interest rates like variable rates will go up in 2015 according to RBC Financial Market Forecasts. It has
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According to RBC’s latest housing affordability report – despite of lower fixed mortgage rate Canadian housing affordability has worsened. An accelerated pace of the housing price has forced the cost of home ownership higher. Single family homes were the worst offender. Single-family homes in Canadian metropolitan cities
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Economists from BMO thinks that fixed rate mortgages have made a comeback in recent months. How much of this is actually applicable to an individual – remains debatable. The real truth about a mortgage is that it is unique for each of us. Each borrowers and lenders
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Please don’t let the headline fool you. Variable rate discounts are drying up a bit too. So, when fixed rates are descending then variable rates are running towards an opposite direction. Bond yields are sinking like a stone in water. Obviously recent share market hiccup forced the
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The politicians in United States have reached a deal to end the latest political fiasco on the debt ceiling. (Somewhat like spouses quarrelling over whether to increase the limit on the credit card) As a result the fear of US default is pushed back till February 7th.
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Zero coupon yield curve may not be an important chart for our daily schedule but when you are deciding what to do with the future of your mortgage then it comes handy. Yield curve is a reflection of the mind set of bond investors. It shows what
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Since bond prices started to drop – banks are reconsidering their offers. Many mono-lines have already raised their rates. Big lenders are now moving their rates as well. BMO today upped its rate by 0.2% on five years fixed to 3.79%. Back-door rates will be a bit
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Today Government of Canada five years benchmark bond yields surpassed last two years highs. It is very obvious fixed mortgage rates will follow soon. After reaching its 2013 low in April – it has been steadily going upward. Last month it took a brief pause and it
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Five years Bank of Canada benchmark bond yield came down sharply in last few days – as it went up the steep slope not too many days ago. Mortgage rates are showing their usual stickiness while it comes to falling. Banks have been complaining about their thin
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The story of variable rate mortgage has been like an ignored person for quite a while. The high discounts were long gone and until recently we were living with few BPS off here and there. Brokers were not making much off Variable Rates either. So, it was
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Bond yields are reaching the level of last spring. Today Government of Canada 5 years benchmark bonds were at 1.65% yield. TD has raised its rate twice in last ten days. Ultra discounted rates are now all but gone from the market. It will take a lot
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