Rates Update: Geopolitics, Bond Yields & Your Mortgage Strategy

Christos Gitersos - Mortgage Planner

christos@gitersos.com
604.786.9099
http://www.gitersos.com/

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Rates - what's happening today

 

Today’s geopolitical tensions involving Iran are beginning to ripple through financial markets. One of the early effects we’re seeing is upward pressure on bond yields. Since fixed mortgage rates are largely tied to bond yields, this can put pressure on fixed rates to move higher as well.

On the variable side, things remain more stable for the moment. The Bank of Canada is not widely expected to increase rates at its meeting this month. However, if the conflict continues and pushes oil prices higher, that could feed into inflation. Rising inflation could eventually force the Bank of Canada to consider rate increases sooner than markets currently expect.

So what does this mean for borrowers?

Right now, there isn’t a clear “one-size-fits-all” answer between fixed and variable. Fixed rates could drift higher if bond yields continue rising, while variable rates appear steady in the near term but carry longer-term uncertainty tied to inflation and global events.

If you’re thinking about locking in a rate or making a change, the best approach is to look at your personal risk tolerance, timeline, and financial goals. In uncertain markets like this, a conversation about strategy is often more valuable than trying to time the market perfectly.

If you’re unsure whether locking in makes sense for you today, feel free to reach out and we can review your options together.



Skiing - it's been a hot minute!

 

Had the pleasure of taking my youngest up to Manning Park for a day of skiing. I've never been there, even when I was skiing/snow boarding, often.

Was a good day out. Was snowing yet visibility was very good! Couple icy patches.

All in all, putting on ski's is like riding a bike, you just somehow know how to do it and go as if you haven't stopped! 



Be rewarded for being awesome!

 

You can earn up to $2,700 just for referring your family, friends or co-workers.

The more you refer the more you make. Just for referring a name you'll get $20 cash so you can do with it as you please!

Some more information here http://www.gitersos.com/client-appreciation/

This year has been so overwhelming with the support I've received. I have many amazing people who have received quite a bit and I can't be more thankful! 



Is It Time To Leave Chatgpt?

 

I took this from another broker's newsletter, thank you John! I've heard of this as well and was looking at things a bit more close as I use Chat for a few things in my life. 

Recently there have been some concerns expressed about OpenAI’s decision to let the U.S. Department of Defense deploy the company’s AI models in its classified network, and somewhere in excess of 1,500,000 users have left.

Should you find yourself in a position where, for various reasons, you want to leave there are a couple of things to consider. There is an alternative to Chatgpt and it is called Claude. My early experience with it is leaving me impressed. When it comes time to leave Chatgpt there are two things I would recommend. 

First, is to use the existing features to be able to download all of your chats so that you have access to all the work you have done with Chatgpt and second, once the download has taken place, be sure to delete all your info.

I came across this excellent article that helps walk you through the process to download and then delete your information. Here is the link:

https://www.forbes.com/sites/barrycollins/2026/03/02/leaving-chatgpt-make-sure-to-do-this-before-you-cancel/



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