CIBC officially stopped selling mortgages through brokers in 2012. But, while few know about it, the bank has been back in the broker channel for some time now.

Washington's political establishment is nearing a resolution on the debt ceiling fiasco. With a bit of last-minute horse-trading, Congress should be able to lift the debt limit by the Treasury Department's revised June 5 deadline. That should hopefully remove some upward pressure on U.S. yields,

"Do you really want to make a big bet that you do know what's going on right now?"—Stephen Poloz on mortgage term selection In this much-anticipated follow-up with our prior BoC Governor, Stephen Poloz, he saves the best for last. Students of monetary policy, mortgage

Anecdotes from our megabanks lend a sense for what's happening throughout the prime mortgage market. That's why we pour through their quarterlies (every quarter). Among the general trends they reported in the second quarter: