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Beyond The Rate
As an expert mortgage broker, I know building wealth through homeownership and achieving financial freedom is about more than just chasing the lowest rate—it’s about strategy.
I'm taking you behind the scenes and giving you the insider tools and powerful strategies to get ahead. If you’re a first-time homebuyer, you’ll find everything you need to secure your first property and start building wealth from day one.
If you’re an existing homeowner, this is where you take control. Maximize the wealth-building potential of your current home with proven strategies for refinancing, leveraging equity, and optimizing your mortgage for bigger opportunities.
Your mortgage is more than a loan—it’s a gateway to long-term financial success.
My goal is simple: to equip you with the knowledge and tools to make smart, strategic decisions that will transform your financial future.
Let’s get started.
The Rate Drop That Might Not Come: Why Fixed Rates May Hold Their Ground
June 16, 2025 | Posted by: Matt Broom-Hall
It’s easy to believe that mortgage rates are on the way down. After all, inflation is easing, the economy is cooling, and there’s growing talk of future Bank of Canada cuts. But before you lock into that mindset, it’s worth asking: What if the market’s expectations are off?Fixed Rates: Caught in a Tug-of-War
June 4th, the Bank of Canada held firm at 4.75%, resisting pressure to cut its key rate. That pause alone sent a signal: the central bank isn’t ready to declare victory over inflation just yet. At the same time, Government of Canada bond yields—which drive fixed mortgage rates—showed signs of holding their ground or even pushing slightly higher.
That might feel surprising, especially since recent U.S. inflation data came in cooler than expected. Normally, that would pull bond yields—and fixed rates—down. But not this time. Yields dipped briefly, then rebounded by week’s end. That kind of reaction tells us something: investors aren’t convinced rate cuts are a sure thing anymore.
What’s Holding Rates Up?
Behind the scenes, inflation risk is still very real. Governments in both Canada and the U.S. are planning significant spending increases, which could heat things up again. Meanwhile, tariffs and geopolitical tensions are adding fuel to the fire, even if the impact hasn’t hit yet.
Here’s the kicker: even when geopolitical events—like last week’s Middle East flare-up—might normally send investors racing to the safety of bonds, they didn’t. The fact that bond yields barely moved suggests there’s a floor forming under rates, limiting how far they can fall.
Variable vs. Fixed: Choose Wisely
With the BoC holding steady, variable rate mortgages didn’t budge last week. The market still expects some cuts later this year—possibly in the fall—but those hopes now come with a bit more caution.
Fixed mortgage rates, on the other hand, may not fall as quickly as many hoped. In fact, if bond yields continue to firm, we could even see small increases in fixed rates over the summer.
So, what’s the right move? That depends on your comfort with risk, your timeline, and whether you value payment stability or long-term flexibility. There’s no one-size-fits-all answer—but there is always a smart strategy for your situation.
Tip of the Week
Don’t chase the “perfect” rate—build the perfect plan. Focus on your goals and create a mortgage strategy that works in any rate environment. That’s how you stay ahead—no matter what the market throws your way.
Matt Broom-Hall
Mortgage Broker & Wealth Coach
I am an independent full-time mortgage broker and industry insider who helps Albertans from all corners of the province. If you are purchasing, refinancing or renewing your mortgage, contact me or apply for a Mortgage Check-up to obtain the best available rates and terms.