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Brent Richardson
Principal Mortgage Broker/ Owner (Lic. # M08006143), Certified Financial Planner (CFP) Altrua Financial Inc. Lic. #13005
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Ground Level Updates on Mortgages and the Housing Market, before it hits the news
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Oil: UP
Bond Yields: UP
Gold: UP
Stock Market: UP
Bitcoin: UP
The system is being flooded with liquidity
🚨NEW🚨🇨🇦Headline inflation leapt higher by 0.9% in March to 2.39% driven by higher gas prices
However core inflation which excludes gas came in at 2.25% - its lowest level in 5 years
Bonds were little changed as traders focus on the Strait of Hormuz/ forward indicators
If there's one takeaway for investors its this:
It's impossible to know what the markets will do and when
There is more pumping and manipulation involved now than ever
Keep some dry powder, but if this energy crisis didn't break the market, only a system collapse will
BREAKING: The S&P 500 closes at its highest level on record and officially posts its fastest recovery since 1982.
The S&P 500 has now added +$7.3 TRILLION since its low on March 30th.
Top News Paper businesses after the internet was set to destroy them completely...
Bond yields/ mortgage rate pressure are down on limp jobs numbers in March and lower oil prices
However oil remains $100+, which, along with increasing inflation, keeps a floor on rates
In this higher risk environment, we lean towards a 3 YR fixed rate at 3.99% or lower
Fixed mortgage rates continue to rise as multiple inflation indicators (manufacturing, PCE, PPI) reach multi year highs
But markets/ rates are not fully pricing this in
Markets are betting on a swift end to the war, but if we dont see deescalation soon markets will capitulate
Goeasy share price decline before Easter weekend🫣
If it weren't for the Iran war, a BoC rate cut would likely be on the table for 2026
Deloitte Canada cuts GDP forecast by 20%, sees oil spike easing
"We're making a couple of pretty big assumptions," says the firm's chief economist.
ca.finance.yahoo.com
Mortgage renewal and refinance applications surge as fixed rates increase
According to one major bank, they are receiving over 3,000 apps/day from Brokers alone, with a maximum daily channel capacity of 500
However as bond yields level off, fixed rate increases should ease
We are Mortgage Brokers proudly serving customers from 5 locations in Ontario.
Kitchener/ Waterloo (Head Office)
In Kitchener Waterloo Call: 1-877-248-9210
Hamilton
In Hamilton Call: 905-538-0677
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