💡Click here for the latest Mortgage Memo. Interest rate uncertainty is nothing new, but seldom does it hit the crescendo we're seeing today. At least during the Subprime Mortgage Crisis and COVID, you knew central banks had to cut. Today, most talking heads expect lower inflation but it

Talk about ironic timing. Mortgage shoppers have stampeded toward variable mortgages lately. Yet, large prime rate discounts are disappearing faster than hors d'oeuvres at a banking conference. In the last week alone, the average floating-rate spread below prime has shrunk by 5 bps (source: Canadian Mortgage Rate Survey)

Understanding interest rate behaviour across multiple cycles is crucial to making savvier term decisions. They may not be foolproof, but historical rate patterns yield vital insights—much like relying on a GPS that occasionally thinks you're driving through a cornfield. At a minimum, history provides a sense of

💡See also: • This Week in Rateland • The Value Zone At last, the fog has lifted. We now know our bank regulator's stance regarding whether federally regulated mortgage investors, also known as bank dealers or "aggregators," can purchase non-stress-tested uninsured switches from non-federally regulated lenders. This revelation