If you’ve been watching mortgage news this week, your head is probably spinning. One headline says big banks raised their advertised fixed rates, while another says bond yields dropped—which usually signals lower rates ahead.
What’s a first-time buyer in Woodstock, Ingersoll, or Tillsonburg supposed to do?
First: deep breath. You don’t have to figure this out alone!
Canadian bond yields (which drive fixed mortgage rates) have recently eased. But mortgage rates lag behind bond markets. Banks don't lower rates overnight, and some retail branches actually bumped up advertised rates to cover margins.
As your mortgage agent, it’s my job to play bulldog for your wallet:
We grab a rate hold now: This locks in today’s best rate for up to 120 days. If rates climb, you're safe.
We watch for the float-down: If bond yields stay down and lenders drop prices before you close, I step in and demand the lower rate for you.
You get all the upside of falling rates with less risk if things reverse.
Oxford County offers a balanced market right now—giving you room to shop, inspect, and negotiate. You bring the homeownership dream, and I’ll handle the bank battles!
Ready to see what your true buying power looks like? Reach out to me now to secure your rate hold!