Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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Long-term mortgage rates are falling. Is it time to lock in? + MORE Apr 4th
Locking in or not depends on many factors, experts say, including whether the penalties for breaking a current mortgage make sense and if you think rates are going up or down..... More »
The State of Mortgage Consumers + MORE Apr 27th
Mortgage consumer debt reached a record level in the second quarter of 2017, yet mortgage holders have proven capable of managing their increasing monthly obligations. That’s according to CMHC’s recently released Mortgage and Consumer Credit Trends report, which said Canadian households&.... More »
Mortgage rates going up a little.. for now. What should you do? Jul 2nd
Happy 150th Canada! Mortgage rates are going up. Hooray! Ok, yes, I’m being sarcastic. This isn’t the cheery message you wanna hear if you have a mortgage coming up for renewal soon. But, hold on. What does this really mean? It’s a great attention grabber. And now that .... More »
Bank of Canada Raises Rate by 0.25% – Is it Time to Worry Yet? + MORE Mar 8th
As predicted, the Bank of Canada raised their benchmark rate a few days ago. No surprises here. And yet, the media will make you feel like this was out of left field. Even worse, they’ll spew fear mongering dribble that the train is off then rail. That every single BoC meeting for the rest of the .... More »
BoC’s Call for Longer Mortgage Terms Raises Questions + MORE May 9th
Earlier this week Bank of Canada Governor Stephen Poloz called on banks and other lenders to offer more innovative mortgage products, namely longer-term mortgages. During a speech in Winnipeg, he said longer mortgage terms would “mitigate the normal risks in the system both for lenders and for.... More »
Interest rates rise at weekly auction of US Treasury bills
– canadianbusiness.com
WASHINGTON – Interest rates on short-term Treasury bills rose in Monday’s auction, with rates on six-month bills climbing to their highest level since late May.
The Treasury Department auctioned $40 billion in three-month bills at a discount rate of 0.310 per cent, up from 0.300 per cent last week. Another $34 billion in six-month bills was auctioned at a discount rate of 0.450 per cent, up from 0.445 per cent last week.
The three-month rate was the highest since those bills averaged 0.320 per cent four weeks ago on July 25. The six-month rate was the highest since those bills averaged 0.475 per cent on May 31.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,992.08, while a six-month bill sold for $9,977.25. That would equal an annualized rate of 0.315 per cent for the three-month bills and 0.457 per cent for the six-month bills.
Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable-rate mortgages, edged up to 0…
The Treasury Department auctioned $40 billion in three-month bills at a discount rate of 0.310 per cent, up from 0.300 per cent last week. Another $34 billion in six-month bills was auctioned at a discount rate of 0.450 per cent, up from 0.445 per cent last week.
The three-month rate was the highest since those bills averaged 0.320 per cent four weeks ago on July 25. The six-month rate was the highest since those bills averaged 0.475 per cent on May 31.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,992.08, while a six-month bill sold for $9,977.25. That would equal an annualized rate of 0.315 per cent for the three-month bills and 0.457 per cent for the six-month bills.
Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable-rate mortgages, edged up to 0…
