“US mortgage news, interest rate updates, housing market trends, and expert homebuying advice for American borrowers.”
The mortgage industry is very competitive. There are so many different products available and coming online that it makes sense for a consumer to shop around before making any decisions. The most popular general mortgage products available are fixed rate mortgages and interest only mortgages. This article will explain how the different mortgages work and … Read more
Bank of Montreal Tops Earnings Estimates on Strong U.S. Performance and Lower Provisions for Credit Losses TORONTO — Bank of Montreal (BMO), one of Canada’s largest banks, reported stronger-than-expected fiscal third-quarter results on August 26, 2025, driven by robust performance in its U.S. operations and provisions for credit losses that fell short of analyst forecasts. … Read more
Canada’s Labour Productivity Drops 1% in Q2 2025, Steepest Decline Since 2022 A Sharp Setback for Economic Growth Canada’s economy took a hit as labour productivity fell 1.0% in the second quarter of 2025, marking the largest quarterly decline since Q4 2022 (-1.1%), according to Statistics Canada. This drop, reported on September 3, 2025, underscores … Read more
Will Mortgage Rates Bounce Higher on the Expected Fed Rate Cut? As the Federal Reserve gears up for its anticipated interest rate cut this week—marking the first reduction of 2025—homebuyers and homeowners are eyeing mortgage rates with cautious optimism. With the federal funds rate held steady at 4.25%-4.50% throughout the year amid persistent inflation, markets … Read more
Mortgage rates are primarily influenced by the 10-year Treasury yield, which reacts to a mix of economic data, inflation trends, Federal Reserve policy signals, and broader market expectations. Historically, weak jobs reports (indicating economic slowdown) have been a key driver for lower rates, as they increase the odds of Fed rate cuts to stimulate growth. … Read more
The Bank of Canada’s first interest rate cut since March has handed variable-rate mortgage holders immediate relief, but it’s flipping the script on whether fixed or variable makes more sense for new buyers. With Bank of Canada mortgage rates, fixed vs variable mortgages 2025, BoC rate cut impact, Canadian housing affordability, and variable rate savings … Read more
NOC Certificate – When you purchase a vehicle through a loan, there is a process in place to secure the lender’s investment. However, once the loan is fully repaid, the financial institution or bank that provided the loan needs to officially acknowledge that you have fulfilled your obligations. This acknowledgment is provided through an essential … Read more