Jessi Sandhu - Your Brampton Real Estate Agent
Fixed Rate Mortgages News and Articles | My Blog

Fixed mortgage rates are rising. What's the deal?

4/18/2024 | Posted in Home Buyers by Jessi Sandhu

market-reports-on-business-271.jpg - Real Estate News As variable-rate mortgage holders eagerly anticipate the Bank of Canada’s first rate cut, fixed rates are heading in the other direction: up. ... More


Variable or short-term fixed mortgage? Where experts see the "sweet spot"

3/13/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest ... More


Rise in bond yields could send fixed mortgage rates higher, experts say

1/18/2024 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say. ... More


Big banks slash mortgage rates this week to reflect lower bond yields in Canada

1/12/2024 | Posted in Interest Rates by Jessi Sandhu

big-6-banks-canada-317.jpg - Real Estate News Nearly all of the country’s big banks slashed their advertised fixed mortgage rates this week, in some cases by as much as 70 basis points (or 0.70%). ... More


Big banks and lenders slash mortgage rates in time for the holidays

12/21/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

big-6-banks-canada-317.jpg - Real Estate News Several of Canada’s big banks and numerous other lenders are offering a practical gift for borrowers this holiday season: lower mortgage rates. ... More


New mortgage activity slowing - but debt continues rising, says CMHC

11/9/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgages-475.jpg - Real Estate News Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages outstanding ... More


Bond yields surge to new heights, mortgage rates expected to jump another 20 bps

10/4/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News Over the past two weeks, yields have risen by over 30 basis points, or 0.30%. Since bond yields typically lead fixed mortgage rate pricing, rates have been steadily on the rise. ... More


Fixed mortgage rates expected to surge as bond yields reach 16-year high

9/22/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

home-purchase-contract-441.jpg - Real Estate News Fixed mortgage rates could surge higher in the coming week after Government of Canada bond yields—which lead fixed mortgage rates—shot up to a 16-year-high. ... More


Fixed rates back as top mortgage product of choice: National Bank

8/23/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon. ... More


How risky is it to extend Canadian mortgage amortizations?

6/27/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News Canada's record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from ... More


Another week, another rise in fixed mortgage rates. How high could they go?

6/24/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News Mortgage lenders, including most of the big banks, have continued to hike their fixed mortgage rates following the recent surge in Government of Canada bond yields, which are used ... More


Fixed mortgage rates surge again, pushing rates under 5% to the brink

6/16/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News Fixed mortgage rates are once again on the rise, with rates under 5% quickly becoming a distant memory. ... More


Prime rate reaches 22-year high of 6.95% and could rise further as rate-hike expectations grow

6/11/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

couple-laptop-106.jpg - Real Estate News Variable-rate borrowers will see their interest cost on their next mortgage payment rise as banks and other financial institutions have lifted their prime rates to a 22-year high ... More


Demand grows in Canada for short-term fixed-rate mortgages

5/17/2023 | Posted in Home Buyers by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News A string of aggressive interest rate hikes from the Bank of Canada is driving short-term fixed-rate mortgage demand higher, according to a new survey. ... More


Lenders - including some big banks -are hiking fixed mortgage rates again

5/29/2023 | Posted in Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks. ... More


Fixed rate mortgages could go on sale

1/29/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down ... More


Ultra-low Rates Will Persist: RBC

1/17/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics. ... More


Canadians more likely to be homeowners, have a mortgage

8/9/2019 | Posted in Canadian Housing Market by Jessi Sandhu

happy-couple-in-front-of-sold-home-123.jpg - Real Estate News Homeownership rates are higher now than they were two decades ago according to a new analysis from Statistics Canada. ... More


With fixed rates below variable ones, mortgage market is in the Upside Down

7/28/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

calculator--analysis--reporting-128.jpg - Real Estate News Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate. ... More


More mortgage rate cuts could be coming for Canadian homebuyers

6/11/2019 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast. ... More


Canadian mortgage rates falling to their lowest level in 2 years

6/7/2019 | Posted in Interest Rates by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for borrowers. ... More


Fixed or Variable Rate?

5/6/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason. ... More


The bond market is now sending a clear signal: Go with a variable-rate mortgage

12/6/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu

calculator--analysis--reporting-128.jpg - Real Estate News If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed. ... More


Rate rises may be reshaped by oil production cuts says CIBC

12/4/2018 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

cibc-office-250.jpg - Real Estate News The Bank of Canada will announce its December interest rates decision Wednesday and few are expecting a Grinch-like pre-Christmas shock. ... More


Mortgage renewals have entered a new era

11/6/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ... More


Mortgage rates are rising. Here's how you can save money

5/28/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving Canadian ... More


Higher interest rates add to home buyer struggles

5/16/2018 | Posted in Home Buyers by Jessi Sandhu

contract-real-estate-mortgage-102.jpg - Real Estate News First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year mortgage ... More


5-year mortgage holders, brace yourselves

1/19/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu

contract-real-estate-mortgage-102.jpg - Real Estate News The Bank of Canada’s decision to raise its benchmark rate to 1.25% earlier this week will make renewals a significantly more daunting prospect for mortgage holders. ... More


Consumers Rush to Lock in Mortgage Rates ahead of Bank of Canada Rate Hikes

9/12/2017 | Posted in Mortgage News by Jessi Sandhu

contract-real-estate-mortgage-102.jpg - Real Estate News The number of Canadians who applied for a fixed-rate mortgage in August saw a substantial spike, with 59.31% of users on the LowestRates.ca website opting for a fixed-rate ... More


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