Posts tagged ‘Fixed Rate’
Mortgage Interest Rate Review January 19th 2012
Tweet Late last week while I was away in Punta Cana for the Mortgage Centre Annual conference lenders announced their newest fixed rate mortgages. Lenders are now offering 3.15% for a fixed 5 year rate mortgage which has again set a new low for fixed rate mortgages. Some borrowers might be surprised that the new [...]
3.25% For A Fixed 5 Year Mortgage: A New Low
Tweet I stand corrected. Earlier this fall I mused on my blog that fixed rate mortgages had run their course and would hold steady or trend upwards gradually into 2012 and beyond. I thought that the period of ultra low fixed rate mortgage money was over and that banks wouldn’t pass on rate discounts to [...]
King for a Day: Why Now Is The Time For A Fixed Rate Mortgage
Tweet Earlier this week Rob Carrick of the Globe & Mail wrote an article Variable or Fixed? It’s no contest. As a regular observer and reader of mortgage news I am rarely enthusiastic about the media’s mortgage rhetoric however this week’s article was timely and perfectly expresses why in today’s market the fixed rate mortgage [...]
Mortgage Interest Rate Review Oct 20 2011
Tweet At risk of sounding like a broken record, this week variable rate mortgages have continued with their upwards trend towards prime. This is a trend that has developed over the past 30 days and has caused the 5 year variable rate to rise 65 basis points inside of a month. We also saw a [...]
Toronto Monday Mortgage Rate Review
Tweet 2.70% – 1 Year Fixed 2.90% – 3 Year Fixed 3.69% – 5 Year Fixed (quick close Oct 30th) 2.87% – Merix 50/50 Mortgage (Fixed/Variable hybrid) P-.70 3 Year Variable (2.30%) P-.7o 5 Year Variable (2.30%) Prime Rate is currently 3.00%. Bank of Canada Qualifying rate 5.39%. NOTE: Rates are subject to [...]
Monday Mortgage Review for August 30th 2010
Tweet 2.70% – 1 Year Fixed 2.90% – 3 Year Fixed 3.69% – 5 Year Fixed (quick close Sept 30th) 2.87% – Merix 50/50 Mortgage (Fixed/Variable hybrid) P-.70 3 Year Variable P-.65 5 Year Variable Prime Rate is currently 2.75%. Bank of Canada Qualifying rate has dropped to 5.39%. NOTE: Rates are subject [...]
Monday Interest Rate Review August 23rd 2010
Tweet Mortgage interest rates continue to stay low as weak numbers indicate that we are still far from full economic recovery. Rates are always changing and it’s hard for a borrower to explore and shop the entire market to ensure that they are getting the right product and best rate. Mortgage brokers are people who [...]
Monday Interest Rate Review for August 16th 2010
Tweet If we were to take a general macro view of fixed mortgage rates in Canada one can say that when the markets (i.e. TSX, DOW etc) are strong there is upwards pressure on fixed rate mortgages and the opposite is also true so that when the markets are weak there is downwards pressure on [...]
Monday Mortgage Minute for August 9th, 2010
Tweet Mortgage interest rates are back down. Way down. I am back from my road trip out West and ready for action. Picking up sound bites from different headlines in the news it looks like the complexion of our Canadian housing market looks just a little bit grayer. With headlines such as “CREA lowers home [...]
