variable rates Archives - Page 2 of 5 - Mortgage Rates & Mortgage Broker News in Canada

Fixed rates back as top mortgage product of choice: National Bank

August 23, 2023 No Comments

Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon.

How fixed-payment variable rate mortgages have saved the economy

How fixed-payment variable-rate mortgages have saved Canada’s economy, and why their future could be at risk

August 2, 2023 No Comments

Canada’s economy has so far managed to avert recession and shrug off the fastest rate-tightening cycle in the nation’s history. And one of the key

“Extremely resilient” variable-rate borrowers face latest test as prime rate rises to 7.20%

July 17, 2023 No Comments

Variable-rate mortgage borrowers, who have already seen their interest costs rise by more than 70% over the past year, were hit with yet another hike last week as prime rate reached a 22-year high of 7.20%.

Fixed mortgage rates rise as bond yields near 4 percent

Fixed mortgage rates keep rising, and could continue as bond yields near 4%

July 7, 2023 No Comments

Bond yields ended the week higher, flirting with a key technical level of 4% following the release of overall strong employment data in both Canada and the U.S.

Popularity of variable-rate mortgages plummets to pre-pandemic levels

June 20, 2023 No Comments

The popularity of variable-rate mortgages is continuing to fall and is now nearly at levels last seen prior to the pandemic in early 2020.

“More pain” for variable-rate mortgage holders as the BoC hikes rates

June 7, 2023 No Comments

Variable-rate mortgage holders are in for “more pain” following the Bank of Canada’s half-expected decision to hike interest rates again.

RBC and NBC are the latest big banks to hike fixed mortgage rates

June 2, 2023 No Comments

RBC and National Bank became the latest Big 6 banks to increase their posted fixed rates this week, following previous increases by BMO and CIBC.

The big question on mortgage borrowers’ minds: fixed or variable?

February 13, 2023 No Comments

With variable mortgage rates potentially at a peak and fixed rates having recently retreated, borrowers are asking themselves the age old mortgage question: should you go fixed or variable?

The popularity of variable-rate mortgages continues to fall

December 1, 2022 No Comments

Now that the spread between fixed and variable rates has largely evaporated, a majority of borrowers are once again opting for fixed-rate mortgages.

Prime rate rises to 5.45% following the BoC’s 75-bps rate hike

September 7, 2022 No Comments

Variable-rate mortgage holders will see their interest costs rise once again starting on Thursday as prime rate rises to 5.45%.

variable rates