Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeReal EstateMortgagesMortgage RatesVariable fans not deterred as bonds pencil in hikesRobert McLister: Friday's jobs report made fixed rates look more appetizing, but people are still gobbling up variable rates You can save this article by registering for free here. Or sign-in if you have an account.A home for sale signage on Beach Boulevard in Hamilton, Ont. Photo by Peter Power/Postmedia filesMortgage rates moved this week, if you squint hard enough.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe only change worth mentioning was a five basis point bump in the lowest nationally advertised five-year fixed for insured borrowers.It’s now at 3.92 per cent, versus 4.29 per cent for uninsured borrowers.Friday’s jobs report made fixed rates look more appetizing: unemployment slipped to 6.4 per cent, alongside a spirited three-month average job gain of 60,400.That, and more hours worked, portend stronger GDP to come — up to four per cent according to some economists.SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of FP West: Energy Insider will soon be in your inbox.We encountered an issue signing you up. Please try againAnd that, if coupled with a rebounding core inflation rate, might (I stress might) make the Bank of Canada more prone to hike.The wildcard, predictably, is tariffs. Should U.S. President Donald Trump’s 50 per cent tariff land on schedule August 19, Canadian yields could rise or fall, depending entirely on how Ottawa answers (i.e., retaliate or suck it up and take more U.S. abuse).For the hedgers and the commitment-averse, 50/50 hybrid mortgages (half fixed, half variable) run about 3.86 per cent insured and 4.11 per cent uninsured.That compares to variables in the low- to mid-threes, which people are still gobbling up, unbothered that the bond market has multiple hikes pencilled in over the next year.Robert McLister is a mortgage strategist, interest rate analyst and editor of MortgageLogic.news. You can follow him on X at @RobMcLister. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.