# data[].attributes.body
This video speaks on in a brief summary what interest rates are, how the federal bank adjust rates which impact the economy. How mortgage rates are impacted by the federal interest rate and how things such as inflation and unemployment can impact the decision on rates. This video also vaguely speaks on how interests rates impact other financial markets such as stocks, bonds and currency.

However, I have selected this video as this speaks to how interest rates impact things such as mortgages. In this video, it vaguely covers how the federal rates and how banks interest on lending impacts mortgage rates.

# data[].attributes.attachment_link.title
Why Interest Rates Matter: Impact on Economy and Finances

# data[].attributes.body
This article speaks on how interest rates affect savings, and the overall changes in the economy. It touches on the impacts interest rates has on residential homeowners and businesses. From how higher rates impacts spending and savings to the impacts following lower rates. Following reading this article its easy to connect the points made on spend-ability and affordability to how it can push more consumer spending into the economy, with relation to cost of mortgages which are variable on interest rates.

I chose this article for a few reasons, I found it a beneficial read and applicable to inflation, rates and how everything impacts the economy from business owners to homeowners. Throughout this read I learnt many things, from reading this article that inflation adjustment changes takes time, "12-18 months" to expanding my overall knowledge on affordability and how everything is impacted.

# data[].attributes.attachment_link.title
How higher interest rates affect inflation

# data[].attributes.attachment_link.description
When the Bank of Canada changes its policy interest rate, it affects every part of the economy - but that does not happen all at once. Learn more about how raising and lowering interest rates takes effect through the monetary policy transmission mechanism.

# data[].attributes.body
This is an image of the cycle of a loan application, following from steps 1 through 6 you can build a visual representation on how the process transitions from qualifying to closing on a mortgage loan.

# data[].attributes.headline
If you could pass on your knowledge to a family member or friend, what do you think the most important thing is to pass on?

# data[].attributes.subject
If you could pass on your knowledge to a family member or friend, what do you think the most important thing is to pass on?

# data[].attributes.body
If I were to pass on my knowledge to a family member or friend, surrounding the topics covered in this assignment. I would express the concerns on how critical it is when deciding rather to go with a fixed or variable mortgage, I would share my knowledge on how each are different, how the federal rate can impact their mortgage on variable rates, or how locking into a fixed rate can relieve their ability to achieve a smaller interest paid.

# data[].attributes.body
This video speaks on when the Canadian federal government rate cut their rate by 50 basis points, the economical impact that rippled from this decision and the impacts on the housing market and how that correlates to mortgages and lenders. Throughout this video the speaker also mentions how the most common mortgage is the 5 year fixed rate and how individuals that are locked into those rates are still going to be experiencing higher rates upon their renewal, even with the most recent rate cuts as it speaks to the time they have locked into their rates, how the market was then vs how the market is now or upon their renewal time.

I chose this video because I found it intriguing to click on from the title within the site being "how a 2% interest rate could impact mortgage rates". Aside from that throughout watching the video I found it useful to hear about how many Canadians are impacted from 2020 rates and these fixed mortgages that are coming up for renewal, what that looks like and how it can/will impact those individuals financially.

# data[].attributes.attachment_link.description
As Canada stays on track for a 2 per cent inflation rate, what could this mean for mortgage rates? Jeremy Kronick, of C.D. Howe Institute, explains.

# data[].attributes.body
This article covers topics like unemployment rates and mortgage renewal rates upcoming in 2025, correlating the two and questioning affordability. For upcoming mortgage renewals, this article by RBC speaks on how payments will sharply rise for fixed rate mortgages as interest rates remain above previous levels. How these can promote challenge's for households. Also briefly covering aspects such as household disposable income with correlation to mortgage rates, mortgage terms etc.

I decided to chose this topic as I found it interesting to see the charts within the site showing mortgage renewal rates in 2025 which I found engaging. Aside from that I also found it an interesting read and learnt more about the labour markets and unemployment rates (also shown by chart).

# data[].attributes.attachment_link.title
Proof point: Job market is bigger risk to Canada’s economy than mortgage renewals - RBC Thought Leadership

# data[].attributes.attachment_link.description
Higher mortgage payments certainly hurt the total amount of income available in the economy to spend, but higher unemployment does as well.

# data[].attributes.body
This video explains how the Federal Reserve uses the federal funds rate to manage inflation by influencing borrowing costs. When inflation rises, the Fed increases rates to reduce demand for loans and spending, balancing supply and demand. This process slows inflation but can take months to affect the broader economy. While higher rates make borrowing more expensive, they also encourage saving.

I selected this video because it clearly connects federal policies to real-world financial impacts, making it easier to understand how inflation and interest rates influence personal finances and the housing market.

# data[].attributes.attachment_link.title
How the Fed Steers Interest Rates to Guide the Entire Economy | WSJ

# data[].attributes.body
In this video, hosted by Angelo Christian, he explains the relationship between inflation and mortgage rates. It highlights that inflation has a negative correlation with mortgage rates; as inflation rises, the purchasing power of the dollar decreases, leading to higher interest rates. The video also emphasizes the role of bond markets, where reduced demand for U.S. Treasury bonds due to inflation results in lower bond prices and higher yields, ultimately increasing mortgage rates. Higher mortgage rates dampen consumer demand for housing and loans, potentially slowing economic growth and even triggering minor recessions.

I selected this video because it provides a clear and engaging explanation of complex financial concepts like inflation, bond yields, and their impact on mortgage rates. This video offers practical insights and real-world examples to enhance my understanding of economic principles and their effects on the housing market.

# data[].attributes.attachment_link.title
How Does Inflation affect Mortgage Interest Rates?

# data[].attributes.body
This image highlights key factors affecting mortgage rates, including inflation, rate of economic growth, federal reserve monetary policy, the bond market, and housing market conditions. Each factor influences borrowing costs, housing demand, and overall market trends, shaping the mortgage landscape for consumers and investors.

# data[].attributes.body
The RSM Canada article discusses how interest rate changes impact the canadian housing market and consumers. It explains that rising rates increase borrowing costs, affecting both variable and fixed-rate mortgage holders. This influences housing affordability and demand in the real estate market.

I chose this website because it provides a clear and detailed explanation of how monetary policy connects to housing affordability and consumer behaviour. Its canadian focus makes it especially relevant for understanding the unique factors influencing mortgage rates and real estate in this country. The insights offered are practical and align well with my research topic.

# data[].attributes.attachment_link.title
How interest rates affect Canadian consumers through housing

# data[].attributes.attachment_link.description
Learn how rising rates in Canada affect homeowners & consumer spending. Explore the Bank of Canada’s strategy amid housing concerns. Dive into the impact on mortgages & economic decisions.

# data[].attributes.body
The Bank of Canada's website article explores the key factors that determine mortgage rates in Canada. It highlights the connection between the Bank's policy interest rate and lenders' funding costs, explaining how these influence the rates offered to borrowers. The article also discusses additional considerations, such as operating costs and borrower risk assessments, providing a comprehensive understanding of what impacts mortgage rates.

I chose this website because it is a credible source of information from Canada's central bank. It's detailed yet accessible explanation of mortgage rate dynamics offers valuable insights that are directly relevant to understanding the Canadian housing and financial markets.

# data[].attributes.attachment_link.description
Here's what determines the interest rate on your mortgage-and why that rate can go up and down.

# data[].attributes.body
Throughout this wall you will learn about mortgage Rates - discuss impacts of changes in inflation and the economy

Throughout this padlet you will learn about our research on our topic surrounding mortgages, you will learn about the impacts rates have on mortgages and all of the impacts that follow these changes. Throughout 4 informative videos, 4 websites, 2 images and our reflective questions I hope you find value throughout this padlet.

# data[].attributes.headline
What did you learn about your topic that surprised you the most?

# data[].attributes.subject
What did you learn about your topic that surprised you the most?

# data[].attributes.body
What surprised me the most was how deeply mortgage rates are influenced by various factors, such as inflation, bond markets, and the Federal Reserve's monetary policy. I hadn't realized the significant role that investor behavior plays in driving mortgage rates, particularly through bond yields. Additionally, I was intrigued by how the Bank of Canada's policy rate directly impacts lenders' funding costs, shaping mortgage affordability. These insights revealed the intricate connections within financial systems.

# data[].attributes.headline
Provide a real-life example of how this topic is relevant or interesting

# data[].attributes.subject
Provide a real-life example of how this topic is relevant or interesting

# data[].attributes.body
As two young adults, understanding mortgage rates is highly relevant as we prepare for future financial milestones, like buying a first home. For example, if inflation rises and mortgage rates increase, it could make monthly payments on a starter home significantly higher, affecting affordability. Knowing how factors like the Bank of Canada's policy rate or bond market fluctuations influence rates helps us make informed decisions about saving and borrowing. This knowledge ensures we're better prepared to navigate the housing market.