The other major banks followed RBC’s move to lower mortgage rates this week. Bank mortgage rates are dropping as result of lower 1, 2 and 5 year bond yields. Bond yields drive fixed rates because they are a big part of mortgage lenders’ cost of funds...

RBC was the first big bank to drop their posted mortgage rates effective today, November 18, 2009, and the changes ranged from -.10% to – 0.20% on fixed rates and are as follows: Fixed Rate Mortgages One-year closed 3.60% ...

By Kristine Owram, The Canadian Press TORONTO – Canadian home resales improved 41.5 per cent year-over-year to a record high for the month of October, led by rebounding consumer confidence and low mortgage rates, according to the Canadian Real Estate...

The Reserve Bank of Australia increased the official cash rate from 3.25 to 3.5 per cent yesterday, in a move that was widely predicted by the financial markets, although there was a slight chance that the central bank might have ordered a more...

BMO Economic Research published a report entitled Should I Stay (Fixed), or Should I Go (Variable)? This is a topic that many of our visitors have and we get emails about it, as well as conversations in the “Ask an Expert” thread in our discussion...