Unlock the Power of a Mortgage Agent!
General Darrel Painter 16 Feb
General Darrel Painter 16 Feb
General Darrel Painter 15 Feb
Published by DLC Marketing Team
Fall in love with your home and your workspace again with these tips to help you make your home office space more productive!
General Darrel Painter 7 Feb
Rate Cuts and Market Volatility
Canadian mortgage rates are declining again after a brief increase tied to rising bond yields. Major lenders like Scotiabank, TD, and CIBC have cut select rates by 10-20 basis points. The average 5-year fixed rate has dropped from 5.82% in October to 5.07%. U.S. Treasury movements impact Canadian bond yields, leading to fluctuations. Positive U.S. employment data has adjusted market rate-cut expectations, with central banks cautious about acting prematurely. Forecasts suggest the Bank of Canada’s overnight target rate may return to at least 4.00% by year-end.
What is your outlook on the future of Canadian mortgage rates, considering the ongoing market volatility? Share your thoughts!