“US mortgage news, interest rate updates, housing market trends, and expert homebuying advice for American borrowers.”
First-Time Homebuyer in Canada? The Rules Might Surprise You Dreaming of your first home in Canada? With sky-high prices in cities like Toronto and Vancouver, the journey feels daunting. But incentives like tax rebates and extended mortgage terms can help. Here’s the catch: The rules for qualifying as a “first-time homebuyer” aren’t as simple as … Read more
CPI Comes in Warm, But Jobless Claims Enough to Keep Mortgage Rates Flat The latest economic data delivered a mixed bag for the Federal Reserve and markets on September 11, 2025. The Consumer Price Index (CPI) for August showed hotter-than-expected inflation, with a 0.4% monthly rise that pushed the annual rate to 2.9%. This “warm” … Read more
Costs of Refinancing a Home Loan in 2025: What Homeowners Need to Know Refinancing your mortgage can lower your interest rate or tap into home equity, but it comes with upfront costs that add up quickly. As of September 2025, with 30-year fixed refinance rates averaging around 6.73%, many homeowners are weighing if the savings … Read more
The U.S. housing market showed mixed signals in July 2025. New residential construction data revealed a dip in overall building permits, but single-family permits edged up slightly. This suggests builders remain cautiously optimistic about future demand, even as high mortgage rates linger. The report, released by the U.S. Census Bureau on August 19, 2025, highlights … Read more
Rumors have swirled recently about Zillow scaling back its mortgage services. With the housing market still reeling from high rates and low inventory, some wonder if the real estate giant is quietly exiting the lending space. The short answer: No, Zillow isn’t winding down its Mortgage Marketplace entirely. But changes are afoot that could make … Read more
Saskatchewan’s wildfire season has left scars across the north. Entire communities fled flames that devoured homes and dreams. Now, as winter looms, the province steps up with a vital lifeline. On September 12, 2025, officials unveiled plans for up to 35 temporary modular homes. These units target residents of Denare Beach and Creighton, hardest hit … Read more
Newly released internal government documents paint a stark picture of Canada’s housing crisis. Prepared for the incoming Housing Minister in May 2025, these briefing notes expose deep-seated problems that go beyond public statements. They highlight how high costs are crippling the economy and leaving many Canadians without affordable options. As the federal government prepares to … Read more
Bank of Canada Poised to Cut Rates as Fed Joins In, But for Different Reasons As the global economy navigates choppy waters in late 2025, central banks are making moves to steady the ship. On September 17, 2025, both the Bank of Canada (BoC) and the U.S. Federal Reserve (Fed) are set to announce their … Read more
The Toronto-Dominion Bank, known as TD Bank, is making big changes at the top. On September 10, 2025, the bank announced new hires for key roles. It hired a new chief operating officer (COO) from HSBC. It also named a new general counsel. These moves come as several executives leave the company. This shake-up happens … Read more
Canada’s Housing Starts Stall in First Half of 2025: CMHC Report Highlights Condo Slump and Regional Divides Canada’s residential construction sector showed little momentum in the first half of 2025, with overall housing starts remaining flat compared to the same period in 2024, according to a new report from the Canada Mortgage and Housing Corporation … Read more