💡See also: Mortgage Tidbits (below). Yields gave back some of Wednesday's post-BoC spike on Thursday. Yet, despite North America's suddenly hawkish central bankers, traders are still trying to figure out if this really is a potential cycle bottom. That's not an easy question with

The two biggest puppeteers of mortgage rates tugged on the same string Wednesday. The Bank of Canada and the Fed both conveyed hawkish vibes and chopped short-term lending rates a quarter-point. Wednesday's rate savings will save a typical borrower anywhere from roughly $13 to $20 a month per

💡See also: Mortgage Tidbits (below). 'Twas the night before rate decisions and all through the house, not a bond trader was stirring, not even their mouse. In other words, the pre-decision calm on Tuesday was so absolute you could hear a bond coupon drop. Leading up to today’s

💡See also: Mortgage Tidbits (below). Markets appeared largely unfazed by Trump’s latest outburst targeting Canada, despite his new 10 per cent tariff hike. Perhaps it’s because most of the damage is already done.