Posts tagged ‘Fixed Rate’

King for a Day: Why Now Is The Time For A Fixed Rate Mortgage

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 is […]

Mortgage Interest Rate Review Oct 20 2011

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 slight […]

Toronto Monday Mortgage Rate Review

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 change […]

Monday Mortgage Review for August 30th 2010

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 to […]

Monday Interest Rate Review August 23rd 2010

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 specialize […]

Monday Interest Rate Review for August 16th 2010

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 fixed […]

Monday Mortgage Minute for August 9th, 2010

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 sales […]

Monday Mortgage Minute – Interest Rates July 5th 2010

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 […]

Monday Mortgage Minute- Toronto June 21st

It looks like the fixed mortgage rate market has stabilized after the bank of Canada’s  decision to increase the prime rate earlier this month. While rates aren’t as low as earlier this year, mortgage interest rates still remain low historically speaking. With signs that the housing market is cooling and interest rates are staying low […]