Bank of Canada Rate Cut Impact

This is a U.S. news story, published by Global News, that relates primarily to Graham news.

U.S. news

For more U.S. news, you can click here:

more U.S. news

Graham news

For more Graham news, you can click here:

more Graham news

News about interest rates

For more interest rates news, you can click here:

more interest rates news

Global News news

For more news from Global News, you can click here:

more news from Global News

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about interest rates, you might also like this article about

Canadian bonds

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest year GoC bond yield news, interest rates news, news about interest rates, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

mortgage rates

Global News

•

Shopping for mortgage rates? Keep an eye on the U.S. election - National | Globalnews.ca

Summary

Nutrition label

72% Informative

The Bank of Canada lowered the key interest rate to 3.75 per cent last week .

Bond market pricing is meant to reflect expectations for the central bank’s rate path, not directly responding directly to hikes or cuts from the bank itself.

Yields are instead higher on the five-year Government of Canada (GoC) bond, which lenders use to price the rates they offer on mortgage rates.

Anyone shopping for a mortgage rate in today ’s market ought to secure a rate hold ahead of the U.S. election, Graham says.

A rate hold of up to 120 days can ensure a homebuyer gets the lowest possible rate in the near term.

Variable rates are still priced higher than most of the fixed alternatives, she says.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity