💡See also: Mortgage Tidbits below. Most lenders are still showing patience with fixed rates. So far, just 7 of 30 national lenders have boosted mortgage pricing following the recent yield spike. That said, with swap spreads at a 14-month low—and 20 bps below the five-year average—that patience will

💡See also: • Canada’s Real Estate Stalemate Continues • Mortgage Tidbits below, including an important rate warning Tuesday's lively underlying inflation readings launched yields to levels they haven't seen in six months. Not only did that send economists scrambling to delay their rate‑cut calls (again), it

💡The changing forward outlook has altered MLN's latest mortgage rate simulation results. See details below... International markets inflated Canadian bond yields on Monday, and the trend heading into Tuesday's CPI remains up. Meanwhile, with yields making new medium-term highs on Monday, multiple lenders announced fixed-rate hikes.

Macro bulls got some revenge Friday, a headline jobs number worth printing on a T-shirt. And, no matter how the deniers spin it, this report was a market sentiment shifter.