10 Apr

Bank of Canada update and expected rate drop

General

Posted by: Donna White

https://www.bankofcanada.ca/2024/04/fad-press-release-2024-04-10/?utm_campaign=BoC%20Announcements&utm_medium=email&_hsenc=p2ANqtz–Kk1TQgSodakGBT9jTRc7r8Y6nnR54M2DAYPwmugVWgY_OnZjIZZIDshzo8uhitQQvCEw8bfTQChxv0RFk37lse-o47Q&_hsmi=302041120&utm_content=302041120&utm_source=hs_email

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15 Mar

How Bond Yields effect Fixed Mortgage Rates

General

Posted by: Donna White

The Bank of Canada (BoC) left its overnight rate unchanged last week. The US and Canadian yield curves have risen slightly for most maturities. **The above chart reflects rates as of 9:30AM Eastern, 2024-03-13.**   THE IMPACT ON MORTGAGE RATES: Shorter term mortgage rates will be remain higher than long term rates as a result […]

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9 Jan

Residential Mortgage Commentary – Post-holiday update

General

Posted by: Donna White

Residential Mortgage Commentary – Post-holiday update Jan 8, 2024 First National Financial LP We are back from a brief holiday hiatus and there are a few things to update. Home sales and prices both continued downward according to the Canadian Real Estate Association.  Sales dipped 0.9% compared to October and year-over-year figures showed the same […]

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