Real Estate

Will mortgage rates go any lower?

  • Last Updated:
  • Feb 18th, 2021 10:13 pm
[OP]
Sr. Member
Sep 13, 2007
676 posts
225 upvotes
Toronto

Will mortgage rates go any lower?

The article below got my attention.
https://www.theglobeandmail.com/investi ... e-to-lock/

You'll need a subscription but basically, a few arguments were listed:
1) The 5-year swap rate is at lowest, meaning lenders will raise it for fixed
2) The economy will eventually recover, so rates will eventually raise.
3) There's little chance Bank of Canada will lower the rates any lower, but increase it over the next several years

Do you agree with or think we may possibly see a policy situation, where mortgage rates drop even further?
4 replies
Member
Jan 27, 2018
203 posts
198 upvotes
Looking at current movement in the 1-3 yr bond curve, I think rates will continue to drop over the next few months.
Deal Addict
User avatar
Mar 30, 2010
3404 posts
1396 upvotes
Greater Toronto Area
deepzerg wrote: Looking at current movement in the 1-3 yr bond curve, I think rates will continue to drop over the next few months.
i don't quite understand what the bond curve has to do with mortgage rates. can you elaborate?
<removed>
Deal Addict
Oct 27, 2012
2722 posts
4381 upvotes
Toronto
Variable mortgage YOLO

Top

Thread Information

There is currently 1 user viewing this thread. (0 members and 1 guest)