Posts tagged ‘Merix Financial’
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 [...]
The 50/50 Mortgage, Why You Should Consider It
Tweet Here’s the situation: you’re in the market for a mortgage. Your timing is perfect because rates have never been so low. Your colleagues at work took a variable and can’t believe the unbelievably low effective rate they are paying. Your parents are conservative old school and think it would be foolish to pass up [...]
Monday Mortgage Minute – Toronto Interest Rates May 24th
Tweet I didn’t manage to get this post up yesterday it was way too nice of a day! As explained in past videos, fixed rate mortgages are dependent on bond yields. Over the past 2 weeks the yields have suffered as a result of the economic turmoil in Europe caused by the Greek crisis. Even [...]
New Merix Fixed 5 year with 90 Day Ratehold
Tweet The problems over seas in Europe are already hitting close to home as bond yields have dipped for the last couple of days indicating that investor confidence is shaken. This bodes well for borrowers looking to get into fixed rate mortgages as there may be a reversal to the sharp steady increases to fixed [...]
Toronto Monday Mortgage Minute April 26th 2010
Tweet After a very quick increase to fixed rate mortgages over the past 2 weeks mortgage lenders have started to compete for the new fixed 5 year. The standard rate is 4.59% however some lenders have introduced their quickclose rate at 4.39%. The dilemma of deciding to go fixed over variable is on every borrower’s [...]
Merix Financial’s 3 Year Variable Rate Down
Tweet Merix is leading the way down with their 3 year variable rate mortgage. They announced yesterday evening that they are now offering Prime minus 0.50 which currently gives the borrower an effective rate of 1.75%! We are now back down to the same variable rate spreads that we saw pre-financial crisis fall 2008. The [...]
Mortgage Interest Rates for March 15th
Tweet Bond yields are up which would typically result in an increase to fixed rate mortgages however lenders are artificially keeping rates low in order to gain market share. This is good for borrowers currently in the market however don’t expect the low fixed rates to stay around forever as it only takes one bank [...]
Monday Mortgage Minute March 8th Interest Rates
Tweet 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 [...]
Toronto Mortgage Interest Rates March 1st 2010
Tweet 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 [...]
