Bond Yields Surge, Big Banks and Other Mortgage Lenders Raisin…
October 12, 2021
A growing number of lenders have been raising interest rates over the past week in response to rising bond yields, including RBC, BMO and National Bank of Ca…
Tag: Mortgage Broker News
The Latest in Mortgage News: TD, CIBC Hike Mortgage Rates
October 4, 2021
TD Bank and CIBC were the first of the Big 6 banks to reverse their recent mortgage rate cuts last week.
Exactly two weeks after TD Bank cut its special-off…
Bond Yields Are Rising. Are Fixed Mortgage Rates Next?
September 27, 2021
Some of Canada’s Big 6 banks made headlines last week by lowering fixed mortgage rates, but might they soon have to pull a U-turn?
Bond yields rose sharply …
The Latest in Mortgage News: Ontario Teachers’ Pension Plan to…
September 23, 2021
The Ontario Teachers’ Pension Plan Board has taken a major investment stake in Canada’s rapidly growing reverse mortgage market with its acquisition of HomeE…
Latest in Mortgage News: Big Banks Lowering their 5-year Fixed…
September 18, 2021
CIBC became the second Big 6 bank to cut its 5-year fixed mortgage rate this week.
The bank dropped its rates by 5 basis points, bringing its special-offer …