leeocallaghan_mortgage

leeocallaghan_mortgage Stay up to date on important mortgage news and see what’s possible with financing scenarios based on local Squamish properties.

05/06/2026
U.S. Federal Reserve cuts rates by .25% but expects to cut rates slower than previously expected next year.This is not g...
12/18/2024

U.S. Federal Reserve cuts rates by .25% but expects to cut rates slower than previously expected next year.

This is not good for Canadian mortgage rates.




Bank of Canada cuts rate by .50%.
12/11/2024

Bank of Canada cuts rate by .50%.






Looking like an 80% chance of a .50% rate cut this Wednesday🙌
12/10/2024

Looking like an 80% chance of a .50% rate cut this Wednesday🙌






Higher than expected unemployment numbers and slowing wage growth have changed the odds to 70% chance of a .50% rate cut...
12/06/2024

Higher than expected unemployment numbers and slowing wage growth have changed the odds to 70% chance of a .50% rate cut Dec 11th.



#

This is expected to increase the odds of a .50% rate cut Dec 11th from 30% to 45%.“The GDP numbers should help to reinfo...
11/30/2024

This is expected to increase the odds of a .50% rate cut Dec 11th from 30% to 45%.

“The GDP numbers should help to reinforce that interest rates are higher than they need to be to maintain inflation sustainably at a 2 per cent rate,” Nathan Janzen, assistant chief economist at Royal Bank of Canada






U.S inflation is up with strong consumer spending.The U.S. Federal reserve is expected to be more cautious with rate cut...
11/28/2024

U.S inflation is up with strong consumer spending.

The U.S. Federal reserve is expected to be more cautious with rate cuts.

We’ll see if this plays into the Bank of Canada’s rate decision Dec 11th.






Economists odds of the Dec11th rate cut are sitting at 80% for a .25% cut and 20% for a .50% cut.However this was writte...
11/27/2024

Economists odds of the Dec11th rate cut are sitting at 80% for a .25% cut and 20% for a .50% cut.

However this was written just before Trump’s post about the 25% tariffs so we’ll see how that plays out.

I would think the fear of the potential tariffs would only give the Bank of Canada more reason to cut rates more aggressively.






Do you think this is the bottom on fixed rates for the next year?Some economists think it is.
11/25/2024

Do you think this is the bottom on fixed rates for the next year?

Some economists think it is.






Good news…. No more stress test to qualify at a new lender if you move your mortgage at renewal..Everything has to stay ...
11/24/2024

Good news…. No more stress test to qualify at a new lender if you move your mortgage at renewal..

Everything has to stay the same, it can’t be a refinance or we’ll need to qualify with the Stress test.

No extra funds allowed.
No changing the amortization.






Most economists are now saying Trudeau’s GST/HST “Holiday” and the $250 rebates will almost guarantee a .25% rate cut ov...
11/23/2024

Most economists are now saying Trudeau’s GST/HST “Holiday” and the $250 rebates will almost guarantee a .25% rate cut over the previously expected .50% cut expected Dec 11th.




Address

Squamish, BC

Alerts

Be the first to know and let us send you an email when leeocallaghan_mortgage posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to leeocallaghan_mortgage:

Share