Interest Rates Archives - Page 4 of 60 - Mortgage Rates & Mortgage Broker News in Canada

Lenders cut fixed mortgage rates in August

Fixed mortgage rates are falling again. Here’s why

August 1, 2024 No Comments

Canadian lenders are cutting fixed mortgage rates following a drop in bond yields. But what’s behind these latest moves?

Will the Bank of Canada deliver another 175 bps in rate cuts? TD and CIBC say yes

July 26, 2024 No Comments

Borrowers may have welcomed recent rate cuts from the Bank of Canada, but TD Bank and CIBC predict an additional 175 bps of easing by the end of 2025, lowering the overnight rate to 2.75%.

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.

Canadian bond yields rebound sharply, sending some mortgage rates higher

July 2, 2024 No Comments

After being on a downward path for the past two months, Canadian bond yields have reversed course and are once again on the rise.

Banks and lenders cut fixed mortgage rates

Three big banks just slashed fixed mortgage rates: “Great news” for those facing renewal

June 18, 2024 No Comments

Lenders across the country, including three of Canada’s Big 6 banks, are once again busy slashing fixed mortgage rates—a welcome sign for those facing renewal in the coming months.

Fixed mortgage rates are falling. Experts explain why and weigh in on fixed vs. variable

June 9, 2024 No Comments

Both existing homeowners and new homebuyers are benefiting from a drop in interest rates see over the past week.

Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey

April 30, 2024 No Comments

The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows.

Rate cut odds steep following weak inflation data

Canada’s latest GDP figures may prompt Bank of Canada summer rate cut: Economists

April 30, 2024 No Comments

Canada’s quarterly gross domestic product edged up 0.2% in Febuary, according to Statistics Canada data published April 30, suggesting the Bank of Canada may have a reason to cut rates in the summer.

Getting the lowest mortgage rates in a high interest rate world

April 18, 2024 No Comments

Mortgage shopping isn’t getting much easier these days. The highly anticipated interest rate cuts so many have been banking on this year keep getting pushed back, while borrowers lost an aggressive rate advertiser after HSBC Canada was taken over by RBC.

Fixed mortgage rates are rising. What’s the deal?

April 18, 2024 1 Comment

As variable-rate mortgage holders eagerly anticipate the Bank of Canada’s first rate cut, fixed rates are heading in the other direction: up.

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