Dave Larock Archives - Page 2 of 2 - Mortgage Rates & Mortgage Broker News in Canada

Prime rate falls to 6.70%, making variable rate mortgages more attractive

July 24, 2024 No Comments

Variable-rate mortgage holders received positive news on Wednesday as major lenders reduced their prime rate following the Bank of Canada’s rate cut earlier in the day.

Weekly mortgage digest: Fixed rates trending downward ahead of expected BoC cut

July 22, 2024 No Comments

This week’s digest highlights the past week’s key mortgage news, including the downward trend in fixed mortgage rates as lenders respond to lower bond yields.

Banks and lenders cut fixed mortgage rates

Big banks slash mortgage rates this week to reflect lower bond yields in Canada

January 12, 2024 No Comments

Nearly all of the country’s big banks slashed their advertised fixed mortgage rates this week, in some cases by as much as 70 basis points (or 0.70%).

Mortgage activity down 25% from 2022 and fixed rates remain top choice, stats show

November 23, 2023 No Comments

High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September.

Fixed mortgage rates expected to surge as bond yields reach 15-year high

September 22, 2023 2 Comments

Fixed mortgage rates could surge higher in the coming week after Government of Canada bond yields—which lead fixed mortgage rates—shot up to a 16-year-high.

Fixed mortgage rates continue to rise in 2023

Fixed mortgage rates surge again, pushing rates under 5% to the brink

June 15, 2023 No Comments

Fixed mortgage rates are once again on the rise, with rates under 5% quickly becoming a distant memory.

Mortgage borrowers concerned about their renewal

High interest rates have borrowers anxious about their mortgage renewal. What can they do?

May 12, 2023 No Comments

After a series of rate hikes, many of Canada’s variable rate mortgage holders are feeling the pain, and fixed-rate borrowers aren’t faring much better.

Dave Larock