Mortgage Rates Continue Climbing Streak
Digest more
With the Federal Reserve's July meeting on the horizon, many prospective homebuyers and homeowners are wondering what it could mean for mortgage rates. After years of relatively high borrowing costs, even the slightest dip could open doors for those hoping to buy or refinance. But the path forward is far from clear.
Inflation has come down in 2025 — but the latest figures are still well above the 2 per cent target and rising
In a week marked by wild headlines, mortgage rates remained relatively calm, thanks to improvements in mortgage spreads.
While any rate watcher's bingo card should always have a few squares devoted to "unchanged, flat, etc.," this week's had at least as many squares reserved for a big reaction to inflation data. Specifically,
Markets are predicting an 11-per cent-chance of a rate cut when the Bank of Canada makes its decision on July 30
Headwinds for mortgage rates arrived Tuesday in the form of rising inflation, which likely ends the faint hopes of a Fed rate cut in July.
NerdWallet on MSN2d
Weekly Mortgage Rates Rise as Tariffs’ Effects EmergeThe numbers for June came in pretty much as economists had predicted — a moderate increase from last month. The rate of inflation rose 0.3% from May to June, and was up 2.7% compared to June 2024. In other words, if it feels like everyday goods cost more, it's because many of them do.
If Trump allies really wanted to see homes become more affordable, he would push for less monetary inflation and for lower federal deficits.
Despite all of the economic data and news headlines over the past few days, mortgage rates have barely budged since last Friday. That was not what we expected this week given the anticipation for the inflation reports that came out on Tuesday and Wednesday.
As the housing market continues to evolve in the shadow of persistent inflation and shifting buyer behavior, this week’s economic data provides important clues for both policymakers and home shoppers.
Feedback