Son Of A Broker » 1 year fixed

Mortgage Interest Rates For July 12th

chris — Thu, 15 Jul 2010 16:25:35 +0000

I was out of the city this past Monday camping in Killbear Park far from any internet connection making it impossible to get my Monday Mortgage Minute up. I’ll just briefly post the current rates for anyone who is looking to see how rates have changed since last week.

Chris Molder – Son Of A Broker

2.70% – 1 Year Fixed

3.49% – 3 Year Fixed

4.09% – 5 Year Fixed

3.09% – Merix 50/50 Mortgage (Fixed/Variable hybrid)

P-.70 3 Year Variable

P-.60 5 Year Variable

Prime Rate is currently 2.50%.

Bench Mark Qualifying rate is 5.79% (Used to qualify high ratio mortgages)

NOTE: Rates are subject to change without warning at the lender’s discretion.

Monday Mortgage Minute – Interest Rates July 5th 2010

chris — Tue, 06 Jul 2010 18:15:36 +0000

All signs are pointing to lower fixed rate mortgages again for the 3rd time this year. Bond yields are low and as a result we are seeing fixed rate mortgage prices dropping just a little bit further this week. The Bank of Canada has also dropped its benchmark qualifying rate for high ratio mortgages by 0.10%.

As a mortgage broker I get paid a steady finders fee from the lender. It doesn’t matter which lender we go to, the fees are similar so there is no incentive to take you to one lender over another. The only incentive I have is to give you honest open advice to make sure that you tell your friends and family about your positive experience. Send me a quick e-mail to get the ball rolling!

2.70% – 1 Year Fixed

3.49% – 3 Year Fixed

4.09% – 5 Year Fixed

3.13% – Merix 50/50 Mortgage (Fixed/Variable hybrid)

P-.65 3 Year Variable

P-.60 5 Year Variable

Prime Rate is currently 2.50%.

Bench Mark Qualifying rate is 5.89% (Used to qualify high ratio mortgages)

NOTE: Rates are subject to change without warning at the lender’s discretion.

Click here to view the embedded video.

Monday Mortgage Minute For April 5th 2010.

chris — Mon, 05 Apr 2010 21:50:35 +0000

We all knew it was going to happen, we just didn’t know exactly when. Last Monday fixed rate mortgages increased. The fixed 5 year rate increased by a half of a percent from 3.89% to 4.39%. The following are current rates that I can offer but if you are feeling down that you missed an opportunity to capitalize on a low fixed rate mortgage consider my argument for opting for a variable rate mortgage at Prime minus 0.50 (1.75%). It appears that in the long run sticking it out with a variable may still be a good option. If you have questions or comments please feel free to write or contact me.

Chris Molder – Son Of A Broker

Fixed 3 year – 3.70%

Fixed 5 year – 4.39%

3 or 5 year Variable P-.50 (1.75%).

Click here to view the embedded video.

Monday Mortgage Minute March 8th Interest Rates

chris — Tue, 09 Mar 2010 03:05:32 +0000

Although bond yields rose last Friday as of Monday March 8th Toronto Mortgage Interest rates remain unchanged. Over the weekend some lenders have warned of the possibility of fixed rate mortgages increasing. This weekend I decided to deliver my Monday Mortgage Minute from the slopes of Mont Tremblant Quebec, however I am back in the office this week refreshed and recharged after a nice little ski vacation. If you would like to contact me please write or call 416.461.0204 ext 2.

Chris Molder – Son of A Broker

1 year fixed – 2.65%

3 year fixed – 3.35%

5 year fixed – 3.79%

3 year variable – Prime-.40% (1.85% effective rate)

5 year variable – Prime-.30% (1.95% effective rate)

RATE SPECIALS

5 year fixed – 3.69% (must close by April 26th 2010, purchase & refinance only)

NOTE: Rates are subject to change without warning at the lender’s discretion.

Click here to view the embedded video.

Toronto Mortgage Interest Rates March 1st 2010

chris — Tue, 02 Mar 2010 02:50:39 +0000

To start the month, there is a new variable rate mortgage! I can now offer Prime minus 40 (1.85%) on 3 year variable mortgages. It was also announced after I recorded my video, that the 5 year fixed rate special that I was offering at 3.69% has been extended for closings up until April 26th. Tomorrow, March 2nd, the Bank of Canada will be making their announcement on the prime rate. They are widely expected to leave the rate unchanged. If you are looking to be approved for a mortgage or have questions about your existing mortgage, get in touch with me.

Christopher Molder - Son Of A Broker

1 year fixed – 2.65%

3 year fixed – 3.50%

5 year fixed – 3.79%

3 year variable – Prime-.40% (1.85% effective rate)

5 year variable – Prime-.30% (1.95% effective rate)

RATE SPECIALS

5 year fixed – 3.69% (must close by April 26th 2010, purchase & refinance only)

NOTE: Rates are subject to change without warning at the lender’s discretion.

Click here to view the embedded video.

Toronto Mortgage Interest Rate Minute February 22nd

chris — Tue, 23 Feb 2010 02:22:30 +0000

Mortgage interest rates in Canada haven’t changed for the past two weeks. The bond yields have remained relatively stable and low which is good if you are in the mortgage market. Currently there is little pressure on rates so we should enjoy these current low interest rates for a while. Currently I can offer the following:

1 year fixed – 2.65%

3 year fixed – 3.50%

5 year fixed – 3.79%

3 year variable – Prime-.10% (2.15% effective rate)

5 year variable – Prime-.30% (1.95% effective rate)

RATE SPECIALS

5 year fixed – 3.69% (must close by March 26th 2010, purchase & refinance only)

3 year variable Prime-.30% (1.95% effective rate closing in 30 days, purchases & refinance only)

NOTE: Rates are subject to change without warning at the lender’s discretion.

Click here to view the embedded video.

Licensed by the Financial Services Commission of Ontario under Lic#M08010066

Monday Mortgage Minute February 8th – Toronto Interest Rates

chris — Tue, 09 Feb 2010 02:26:26 +0000

We started off this morning with the lowering of the fixed 5 year special offered by mortgage lender Merix Financial leading all the lenders down. The “quickclose” special is now at 3.69% for a fixed 5 year rate. The only condition is that the mortgage must close by March 26th 2010. Other than that this is a mortgage with full privileges. Most other lenders have followed suit and are currently offering 3.89% for their standard rates. You can currently lock in your variable at 3.89%. If you are looking for a mortgage and need somebody to lead you through the confusion that is the mortgage market please feel free to contact me. Also keep in mind that I am donating my services to the Hatian Relief.

Chris Molder – Son Of A Broker

1 year fixed – 2.65%

3 year fixed – 3.50%

5 year fixed – 3.79%

3 year variable – Prime-.10% (2.15% effective rate)

5 year variable – Prime-.25% (2.00% effective rate)

RATE SPECIALS

5 year fixed – 3.69% (must close by March 26th 2010, purchase & refinance only)

3 year variable Prime-.30% (1.95% effective rate closing in 30 days, purchases & refinance only)

NOTE: Rates are subject to change without warning at the lender’s discretion.

Click here to view the embedded video.

Licensed by the Financial Services Commission of Ontario under Lic#M08010066

Monday Mortgage Minute – February 1st 2010

chris — Tue, 02 Feb 2010 13:50:43 +0000

Mortgage interest rates have remained pretty stable over the last week and there are no signs of any changes to come. It looks as though the trend is downwards as the majority of lenders have begun to adjust their fixed 5 year rates to match the most competitive rates in the market. Given the economic outlook variable rate mortgages may be a good choice.

Chris Molder – Son Of A Broker

1 year fixed – 2.65%

3 year fixed – 3.50%

5 year fixed – 3.89%

3 year variable – Prime-.10% (2.15% effective rate)

5 year variable – Prime-.25% (2.00% effective rate)

RATE SPECIALS

5 year fixed – 3.75% (must close by Feb 23rd 2010, purchase & refinance only)

3 year variable Prime-.30% (1.95% effective rate closing in 30 days, purchases & refinance only)

NOTE: Rates are subject to change without warning at the lender’s discretion.

Click here to view the embedded video.

Licensed by the Financial Services Commission of Ontario under Lic#M08010066

Monday Mortgage Minute January 11th 2010

chris — Tue, 12 Jan 2010 14:35:29 +0000

Mortgage interest rates have remained unchanged from last week. Although some lenders have increased their rates, the majority have opted not to buy into the hype created by the markets and held off on increasing rates this week. While lenders are still warning us of immanent rate increases nothing will budge until it is clear if jobs are being created both in Canada and the US. If you have questions about the relation between fixed rate mortgages and the economy get in touch with me to discuss.

1 year fixed – 2.65%

3 year fixed – 3.29% (must close before March 31st 2010)

5 year fixed – 3.99%

3 year variable – Prime-.10% (2.15% effective rate)

5 year variable – Prime-.20% (2.05% effective rate)

RATE SPECIALS

5 year fixed – 3.89%

3 year variable Prime-.25% (2.00% effective rate closing in 30 days, purchases & refinance only)

NOTE: Rates are subject to change without warning at the lender’s discretion.

Click here to view the embedded video.

Monday Mortgage Minute January 4th 2010

chris — Tue, 05 Jan 2010 04:01:31 +0000

Toronto Mortgage interest rates for the week of January 4th 2010. Happy New Year! As of today lenders have given us a fair warning that fixed interest rates will be rising this week. Already we have seen one lender jump their fixed 5 year from 3.99% to 4.44%. In order to secure your low fixed rate call me or e-mail right away!

1 year fixed – 2.65%

3 year fixed – 3.29% (must close before March 31st 2010)

5 year fixed – 3.99%

3 year variable – Prime-.10% (2.15% effective rate)

5 year variable – Prime-.20% (2.05% effective rate)

RATE SPECIALS

5 year fixed – 3.89%

3 year variable Prime-.25% (2.00% effective rate closing in 30 days, purchases & refinance only)

Click here to view the embedded video.

NOTE: Rates are subject to change without warning at the lender’s discretion.