{"id":1763,"date":"2026-06-29T08:01:36","date_gmt":"2026-06-29T13:01:36","guid":{"rendered":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/06\/29\/fixed-mortgage-rates-drop-as-global-oil-prices-cool-what-to-expect\/"},"modified":"2026-06-29T08:01:36","modified_gmt":"2026-06-29T13:01:36","slug":"fixed-mortgage-rates-drop-as-global-oil-prices-cool-what-to-expect","status":"publish","type":"post","link":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/06\/29\/fixed-mortgage-rates-drop-as-global-oil-prices-cool-what-to-expect\/","title":{"rendered":"Fixed Mortgage Rates Drop as Global Oil Prices Cool: What to Expect"},"content":{"rendered":"

Is the tide finally turning for prospective homebuyers in the Greater Toronto Area? According to recent data, a cooling trend in global oil prices is ripple-effecting into the Canadian mortgage market. As geopolitical tensions subside, a shrinking inflation premium is successfully dragging bond yields lower, providing a much-needed tailwind for fixed-mortgage funding costs.<\/p>\n

Leading big bank mortgage rates have shed 10 basis points this week, with the popular three-year fixed term now available as low as 3.89 per cent for default-insured borrowers. While variable-rate products remain steady for now\u2014with prime minus 1.0 to 1.1 per cent the current benchmark\u2014this shift in fixed rates offers a glimmer of relief for buyers navigating the GTA\u2019s high-cost environment. For a deeper dive into how these rate movements might impact your upcoming purchase or renewal, read the full analysis at the Financial Post.<\/p>\n

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Source: Read the original article<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Fixed mortgage rates are shedding basis points as bond yields decline. Find out what this means for your next move in the GTA real estate market.<\/p>\n","protected":false},"author":3,"featured_media":1762,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178,206],"tags":[881,182,213,212,399],"class_list":["post-1763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-data","category-residential","tag-fixed-mortgage","tag-gta","tag-interest-rates","tag-mortgage-rates","tag-toronto-real-estate"],"_links":{"self":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/comments?post=1763"}],"version-history":[{"count":0,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media\/1762"}],"wp:attachment":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media?parent=1763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/categories?post=1763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/tags?post=1763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}