Well, here’s a not-so-fun update from the world of mortgages: RBC has made some changes to its posted rates, and if you’re thinking about breaking your RBC mortgage early—brace yourself. Thanks to the way RBC calculates penalties, some homeowners could be looking at massive prepayment costs, jumping by thousands of dollars overnight. Let’s break it […]

Fixed Rates: Slowly Dropping, But No Big Moves Yet Even though bond yields (which impact fixed mortgage rates) have been trending downward, banks aren’t exactly racing to slash their rates. Fixed rates are dipping, but at a slower pace. 🔹 Best move? If you love stability, a fixed-rate mortgage is still a solid choice. Shorter-term […]