Rates - MortgageLogic.news (Page 25)

2nd biggest U.S. bank failure wallops yields

Robert McLister Mar 10, 2023 0 Comments

Crises are routine when markets are already pricing in recession. Financial institution meltdowns have coincided with a top in yields in numerous prior cycles. And it may be happening again with Silicon Valley Bank (SVB). The Santa Clara, California based bank collapsed Friday, causing investors to rush into government bonds

The latest from Rateland

Robert McLister Mar 03, 2023 0 Comments

Markets are pricing in only a 1% chance of a BoC hike at its next rate meeting on Wednesday. Canadian bond investors clearly aren't worried about an inflation resurgence to the same extent as their counterparts down south. Unfortunately, as they often do, U.S. yields have been

Mortgage options under 5% remain

Robert McLister Feb 23, 2023 0 Comments

In just 19 days we've seen Canada's 5-year yield ramp-up 67 bps. Despite that, there are still dozens of lenders with fixed rates under 5%. Mind you, they're mostly 5-year fixed insured/insurable rates—plus a few fleeting 3- and 4-year products.

The latest from RateLand

Robert McLister Feb 18, 2023 0 Comments

Fixed mortgage rates threaten to rain on the spring housing parade. They followed funding costs materially higher this week, all across the country. In one case, we saw a lender (QuestMortgage) boost its market-leading short-term rates by up to 105 bps.

Yields still climbing on U.S. jobs data

Robert McLister Feb 06, 2023 0 Comments

Fixed mortgage rates have run into serious funding cost pressure. Canada's 5-year bond yield and 4-year swap rate were both up another 13 bps Monday. That leaves us about 25+ bps higher following Friday's U.S. employment numbers, which rose by nearly triple Wall Street estimates.

Tag: Rates

2nd biggest U.S. bank failure wallops yields

The latest from Rateland

Mortgage options under 5% remain

The latest from RateLand

Yields still climbing on U.S. jobs data

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