Brandie Maher- New Journey Mortgages

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02/12/2026

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Mortgage Agent Level 1
Mortgage Architects
Lic #12728
Serving Niagara • Hamilton • Halton • GTA
📩 [email protected]
📱 647-233-3509

01/10/2026

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Mortgage Agent Level 1
Mortgage Architects
Lic #12728
Serving Niagara • Hamilton • Halton • GTA
📩 [email protected]
📱 647-233-3509

12/12/2025

Brandie Maher- New Journey Mortgages

12/12/2025

Very well explained!

The Bank of Canada made an announcement today.
And once again… my feed is already full of people yelling
“THE RATE IS 2.25%!!”
Yes.
It is.
AND ALSO - that rate has absolutely NOTHING to do with what you can borrow at.
That 2.25% is the OVERNIGHT LENDING RATE.
That is the rate banks lend to each other.
It is NOT your mortgage rate.
It is NOT your fixed rate (those are hovering around 4%).
It is NOT your prime rate (still 4.45% today).
It is NOT any rate that regular humans can access.
So unless you’re a major financial institution swapping cash at 3 a.m., this is NOT your rate.
Posting the overnight rate without explaining it is just…noise.
And worse - it misleads people into thinking mortgage rates suddenly dropped.
They didn’t.
What actually matters- the truth and THIS blunt explanation.
Everything else?
Fu***ng clickbait IMO.
So yes - the Bank held the overnight rate.
No - it does NOT mean cheaper mortgages.
And no - homeowners shouldn’t be freaking out or celebrating over it.
Remember the house hippo- question who is posting the information and what they gain from you believing that rates are at 2.25%.
Want an actual “I give an F” breakdown - reach out. I’m happy to decipher this stuff for you.
End rant.
©️ Jasmine Findlay
Mortgage Broker M16002930
BRX Mortgages Inc 13463
📲 Text 705-822-6691
📧 [email protected]
🔗 www.bookwithjasmine.ca