Weak jobs report eases pressure on fixed mortgage rates - Financial Post

Canada’s job market just face-planted for a second straight month, with steep job losses and rising unemployment slashing the odds of a near-term Bank of Canada rate hike. Bond yields took the hint and fell immediately, which takes pressure off fixed mortgage rates . And we could use the break. Fixed pricing has been on a tear for the last month. All told, locking in now costs about 50 basis points more than it did in mid-September. Based on nationally-advertised offers, mortgage shoppers are now looking at starting rates of: By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder.