💡See also: Mortgage Tidbits (below).
Monday's markets still felt the reverb from Friday's wretched jobs reports. The final determinant may be Thursday's U.S. CPI report, but at least one Fed cut is already baked into the cake.
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If there's one MortgageLogic.news story that should be circled, highlighted, and laminated, this is it.
What follows is a cornerstone of mortgage planning, and that's no exaggeration, because by ignoring it, a mortgage advisor has failed their clients. No ifs, ands, or buts—just a
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💡A new Rate Simulator with the latest market-implied rate outlook is available here.
Stay tuned for an important rate report this weekend.
Friday's unsavoury jobs data—on each side of the border—sent yields tumbling and BoC rate cut probabilities soaring. The conversation quickly shifted from "will
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In the latest edition of 'bad news is good news,' labour data disappointed on both sides of the border today. That's little reason to celebrate, unless you're well-qualified and need a mortgage.
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💡See also: Mortgage Tidbits (below).
Canada's bond market on Thursday felt like everyone collectively inhaled and decided not to exhale until Friday’s job numbers dropped.
For the BoC, a surprise labour reading could tip the scales toward more rate relief on September 17—or another six weeks
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