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 [...]

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 [...]

Toronto Mortgage interest rates for the week of December 21st. Interesting to note that during a week that is traditionally calm in the markets there was another rise to the 5 year bond yield. I’ll keep an eye on further developments during the week to see how fixed rates will be effected.
1 year fixed – [...]

Very few changes this week to mortgage interest rates in Toronto.
1 year fixed – 2.60%
3 year fixed – 3.40%
5 year fixed – 3.99%
3 year variable – Prime-.10% (2.15% effective rate)
5 year variable – Prime-.10% (2.15% effective rate)
RATE SPECIALS
5 year fixed – 3.89%

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

Merix financial has just announced this afternoon that they have decreased their mortgage rates. Further to my post earlier this week regarding the Merix 50/50 mortgage the new rate works out to be 3.07%!
3.99% for the 5 Year Fixed portion
Prime – .10% for the 5 Year ARM portion
Weighted average rate: 3.07%
Get your applications in to [...]

Mortgage interest rates in Toronto have stayed fairly steady over the past week despite the increase to bond yields last Friday. Tomorrow the Bank of Canada will decide on whether to increase the prime rate. There is unanimous consent among economists that the prime rate will remain unchanged however it will be interesting to see [...]

My Monday Mortgage Minute for November the 30th. If you don’t see a rate that you are looking for or have a specific mortgage question email me here.
1 year fixed – 2.65%
3 year fixed – 3.50%
5 year fixed – 4.09%
3 year variable – Prime-.10% (2.15% effective rate)
5 year variable – Prime-.10% (2.15% effective rate)
RATE SPECIALS
5 [...]

This is the inaugural post for a new section I want to run on my blog called “ASK A SOB”. Be sure to submit your questions and queries… I’ll respond once a week.
Mike B in Unionville writes- “Dear SOB, in your ‘Monday Market Minute’ posted on November 16th you add your opinion that the 3 [...]