Latest in Mortgage News: Dominion Lending Centre Unveils New Deals + MORE Oct 23rd

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Bond yields are back on the rise. Will fixed mortgage rates follow? + MORE Jul 27th

Bond yields are back on the rise this week, which observers say could keep upward pressure on fixed mortgage rates if the trend continues..... More »

5 surprises to avoid when switching mortgages before your term ends + MORE Jul 31st

These days, being a home owner with a mortgage can feel like you’ve ordered the chicken dinner before realizing there was a steak special. You orchestrate a last-minute switch before your meal arrives, and it’s only once your overcooked steak is served that you know you’ve made a mistake. .... More »

Homeowners, realtors should take steps to protect against title fraud: experts Mar 19th

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Bank of Canada Raises Rate by 0.25% – Is it Time to Worry Yet? + MORE Mar 8th

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The best credit cards for newcomers to Canada for 2024 + MORE Jan 3rd

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What’s happening with Canada Mortgage Bonds?

– canadamortgagenews.ca

Did you hear the news? Or did you miss it? Last week the Bank of Canada announced they would stop buying Canada Mortgage Bonds. But it seems like nobody is talking about this.

Why should you be paying attention to this?

The buying of Canada mortgage bonds helps to keep fixed mortgage rates low. The Bank of Canada announcing they would stop this method of quantitative easing, could and probably will put pressure on fixed mortgage rates. But that may not happen right away as it takes a few months to work its way through financial markets.

Bank of Canada Governor, Tiff Macklem, has said they will keep the overnight rate as is or lower for the next three years, possibly even longer. This will help to keep short-term interest rates and variable-rate mortgages low. As we’ve seen fixed and variable-rate mortgages drop steadily since the beginning of Summer.

How low can they go? I’m not sure we’re going to see 0% interest rates (although that would be great for consumers or anyone borrowing money) but we are still trending downward, believe it or not…

Continue Reading On canadamortgagenews.ca »

Latest in Mortgage News: Dominion Lending Centre Unveils New Deals

– canadianmortgagetrends.com

Dominion Lending Centres continued its growth trajectory this month with several new announcements.

Continue Reading On canadianmortgagetrends.com »

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