Saskatoon Mortgage Broker Dave Oliver Mortgages

Dave Oliver || October 29, 2024

How Mortgage rates are affected by Bond rates

1. Direct CorrelationFixed-rate mortgage rates are largely tied to long-term government bond yields (often the 5-year government bond yield in many countries). When bond yields increase, mortgage...

Dave Oliver || October 24, 2024

Bank of Canada's fourth consecutive rate cut brings more relief to borrowers

The Bank of Canada delivered a 50-basis-point (bps) rate cut on Wednesday, bringing its policy rate to 3.75%, its lowest level in two years. This marks the fourth straight...

Dave Oliver || October 23, 2024

Bank of Canada drops Rate 50 basis points

Bank of Canada lowers its benchmark rate to 3.75%The Bank of Canada has dropped its policy rate to 3.75%, cutting it by 50 basis points this morning.This marks the fourth consecutive rate reduction by...

Dave Oliver || October 16, 2024

What happens if you miss a mortgage payment?

Missing a mortgage payment can be a stressful experience, but it's important to know what to expect if it happens and what options are available to prevent long-term...