Mortgage Rate Maze: What Next from the Fed?

OSFI left its minimum qualifying rate (MQR) at 5.25% on Wednesday. Details below...

Trying to bring inflation back to 2% is starting to feel like trying to lose weight over the holidays—tough sledding.

Wednesday's U.S. CPI report was a reminder of that. Headline inflation ticked down a notch to 3.1% from the previous 3.2%, moving with the urgency of a turtle herd. But core inflation seems to have attachment issues. It's been stuck in the 4.0 to 4.1% range for three months.

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