ApprovedbyDustin

What a difference a few hours can make.

Since 8:00 a.m. ET, oil has completely reversed course.

Iran confirmed the Strait of Hormuz is fully open to shipping, and that was all the market needed.

WTI crude has broken well below the key 50% retracement from March, signaling growing confidence in a near-term resolution.

Nothing’s ever guaranteed in these markets… but for now, this is positive news for rates heading into the weekend.

Canada’s 5-year yield is already down ~6 bps, and expectations have shifted fast — the market is now pricing in less than one BoC hike by December.

Just four weeks ago? We had economists looking at 2-3 hikes.

Momentum can change quickly. Stay positioned.

If you’ve got a renewal coming up this summer, or you’re thinking about buying, it’s worth looking at a 120-day rate hold to protect yourself from market volatility.

In today’s environment, it’s not about chasing the bottom — it’s about having a strategy.

Whether you’re planning 2, 3, or 4 years out, the goal is simple: build a plan around a comfortable budget so you can move forward with confidence, and sleep at night.

Congratulations on closing on your new forever family home today! This is the beginning of countless wonderful memories for you all. I’m truly grateful for the trust you placed in me as your mortgage professional. This experience has reinforced my passion for helping families like yours find their perfect home.

Thank you again for allowing me to be part of this special journey.

Your Mortgage Advisor for Life,

- D

A cash back mortgage, when used effectively, can be a game-changer for your clients looking to enter the housing market. However, not all cash back mortgages are the same. Many of the Big 6 banks don’t offer a genuine cash back option on closing day that boosts purchasing power during the pre-approval process. Plus, if your client breaks their mortgage early, they may have to repay the entire cash back amount.

In contrast, our monoline lenders provide a cash back mortgage that is prorated, meaning if your client breaks their mortgage early, they don’t have to repay the full amount back. We offer up to 3% cash back on the total mortgage amount at closing, which can be used for closing costs or to pay off debts like student loans, car loans, or other unsecured debt. This can significantly enhance your client's purchasing power.

If you have first-time buyers struggling to get into the market with a Big 6 bank, I’d love to show you how our cash back mortgages can boost their buying power and reduce their debt. Let’s connect and help your clients achieve their dream of homeownership today!