Canadian markets sighed with the passing of the federal budget. Now, perhaps PM Carney can turn more attention to housing markets, where starts came up way short.
Canadian markets sighed with the passing of the federal budget. Now, perhaps PM Carney can turn more attention to housing markets, where starts came up way short.
💡See also: Yields Hold Firm After Slight CPI Surprise It seems there's a growing crowd waiting for the trap door to fall out in Canadian real estate. October defied those expectations, however, with benchmark prices edging 0.2% higher after falling in 8 of 9 previous months. It
It seems there's a growing crowd waiting for the trap door to fall out in Canadian real estate.
October defied those expectations, however, with benchmark prices edging 0.2% higher after falling in 8 of 9 previous months. It came on a 0.9% m/m bounce in sales, says CREA (with all data seasonally adjusted).
Canada’s CPI stole the spotlight Monday. It landed a tad warm, further suggesting that a BoC rate cut next month is off the table. Markets are now bracing for a wave of post-shutdown U.S. data. With any luck, the job reports this week won't trigger any
Canada’s CPI stole the spotlight Monday. It landed a tad warm, further suggesting that a BoC rate cut next month is off the table.
Markets are now bracing for a wave of post-shutdown U.S. data. With any luck, the job reports this week won't trigger any bond market meltdowns.
💡Note the message for mortgage shoppers below. Headline inflation came in a shade above Bay Street's collective guesstimate for October, but it's still a welcome step down. More importantly, the BoC's so-called "preferred indicator," average core inflation, is back below 3%, shaving
Headline inflation came in a shade above Bay Street's collective guesstimate for October, but it's still a welcome step down.
More importantly, the BoC's so-called "preferred indicator," average core inflation, is back below 3%, shaving off 15 bps from September.
Yields closed in the green on Friday as hopes for a December Fed rate cut continue to dim. On this side of the border, markets are nervously awaiting today's CPI data, looking for proof that average core inflation still understands the concept of "down."
Yields closed in the green on Friday as hopes for a December Fed rate cut continue to dim.
On this side of the border, markets are nervously awaiting today's CPI data, looking for proof that average core inflation still understands the concept of "down."
Frictionless. You probably know the term if you spend time around web design. If it's new to you, and you aspire to a mortgage site that's not a digital relic, consider this required reading. The fastest-growing stock brokerage in history has studied it obsessively. In fact,
Frictionless.
You probably know the term if you spend time around web design.
If it's new to you, and you aspire to a mortgage site that's not a digital relic, consider this required reading.
The fastest-growing stock brokerage in history has studied it obsessively.
In fact, Robinhood revolutionized trading thanks in large part to a frictionless user interface (UI).
That means Robinhood's app strips away almost every obstacle to customers doing what it wants them to do.
The company's design mastery has won it countless awards—and even sparked major controversy.
But while critics debate the ethics, nobody disputes the success.
That's key for tech-savvy brokers trying to build a better user experience (UX).
The same tactics Robinhood used to amass 27 million clients and a $120 billion business could help some mortgage pros close at least 20–30% more deals.
💡Coming soon: How Robinhood Psychology Hacks Can Supercharge Mortgage Conversions See also: Mortgage Tidbits (below). The Fed's consensus on rate cuts is now "It's Complicated." Central bank officials are increasingly voicing concerns over further easing, given core inflation refuses to cooperate.
The Fed's consensus on rate cuts is now "It's Complicated."
Central bank officials are increasingly voicing concerns over further easing, given core inflation refuses to cooperate.
💡See also: Mortgage Tidbits (below). A new Amortization Simulator is now available here. Yields stayed muted Wednesday as markets awaited Trump's signature to end the longest U.S. government shutdown in history. He did just that on Wednesday evening. That means the macro data floodgates should soon open,
Yields stayed muted Wednesday as markets awaited Trump's signature to end the longest U.S. government shutdown in history. He did just that on Wednesday evening. That means the macro data floodgates should soon open, adding to rate volatility.