Mortgage consumers may enjoy an additional quarter of rock-bottom uninsured mortgage rates. That's thanks to delays in RBC's takeover of HSBC Canada. U.K.-based HSBC now expects RBC's $13.5-billion purchase of its Canadian unit to close in Q1 2024. Initially, it projected

Today's report The latest stories posted on MortgageLogic.news...  •  The Fed's most-loved spread ♥️       (Click link for story) This & That * Updated simulator: The Amortization Simulator was updated on Monday with the latest Bank of Canada implied rate path. Download it here. The timeframe for rate cuts

Avid rate-watchers monitor interest rate spreads all the time. Among other things, spreads help project the likelihood of a recession and the path for interest rates. A spread, or "term spread," simply refers to the difference in yield between two maturities. For example, the most-quoted term spread is

Today's reports... Stories posted on MortgageLogic.news this weekend: •  Debt ceiling black swan •  The latest from RateLand This & That