Why Bond Yields Matter (Even If They Sound Boring)
We know… bond yields aren’t exactly the most exciting topic. You might even be tempted to hit delete right about now.
But here’s the thing: bond yields quietly influence the interest rates your bank offers you — especially fixed mortgage rates. And lately, they’ve been creeping up.
Even if the Bank of Canada holds steady at its next announcement on April 29th, the bond market may still push mortgage rates higher. In other words, what happens behind the scenes in the bond market can directly impact your borrowing power.
So what does this mean for you?
If you’re thinking about buying in the next few months:
Now is a great time to speak with a mortgage broker and lock in a rate. Most lenders will hold a rate for 90–120 days, protecting you if rates rise. That can make a meaningful difference in your purchasing power.
If you’re renewing soon and prefer a fixed rate:
You may want to consider renewing a little earlier to secure today’s lower rates before they move higher.
If you’re planning to go variable:
You likely don’t need to make any immediate changes — but it’s still worth having a conversation to confirm what makes the most sense for your situation.
As always, everyone’s financial picture is different. A quick check-in with your lender or mortgage broker can help you make the most informed decision.
And if you’d like an introduction to a trusted mortgage broker, we’re always happy to connect you.
If you know of anyone who needs to buy or sell, please make sure they call Davelle.
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As always, if you have questions about the market, or would like an updated home evaluation, we’re here to help.
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