Team Feghali - Xperto

On April 28, 2026, 30-yr conforming mortgage rates ↓3 basis points to low-6%, while 15-yr rates ↑7 basis points to mid-5%, showing mixed movement.
A Middle East ceasefire and lower oil prices helped ease recent market concerns, supporting the 30-yr conforming mortgage rate's slight shift lower.
30-yr jumbo rates ↑11 basis points to mid-6%, suggesting lender risk perceptions or credit conditions may be shifting for higher-priced property financing.
Lower oil prices can ease inflation pressure, which may give the central bank more room to support lower borrowing costs over time.
Buyers and investors should track geopolitical news, oil prices, unemployment, spending, and inflation while comparing loan types with trusted professionals before making decisions.

Mortgage Rates Shift After Global Developments

Canada’s central bank held the overnight rate steady for a fourth consecutive meeting, saying current settings remain appropriate if the base-case outlook holds.
The governor said monetary policy cannot influence global oil prices, but policymakers are monitoring whether energy pressures turn into broader persistent inflation.
Core inflation measures have slowed and long-term expectations remain anchored; moderate 2026 growth is expected to gradually absorb economic slack over time.
Base case sees no overnight-rate change in 2026 before edging higher in 2027; US tariff jumps could mean cuts, prolonged energy shocks could mean hikes.