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 [...]

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 – [...]

Most mortgage borrowers don’t realize that their mortgage lender options are much broader than the Big 5 Banks.  There is an entire market of lenders who are, in many cases, more competitive than the banks when it comes to mortgage interest rates, have a wider selection of products and have excellent costumer service.
One of my [...]

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 [...]

Not sure whether you want to take the full risk of selecting a variable rate mortgage in Toronto with an imminent rise in the prime rate on the horrizon over the next 24 months? Why not consider an innovative product offered by Canadian mortgage lender Merix Financial. The 50/50 mortgage.
The Merix 50/50 Wise Mortgage is [...]

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 [...]

Shortly after recording my Monday Market Minute… I received an e-mail from Merix Financial offering an exclusive group of Toronto mortgage brokers a deeply discounted fixed 5 year rate.
5 year fixed rate mortgage 3.89%!
Call or e-mail me today so I can get you this excellent rate.
Christopher Molder – Son Of A Broker

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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 [...]

If you have a certain amount of financial literacy and feel comfortable with money concepts, investing, and leveraging then the mortgage product for you is Merix Financial’s Home Equity Line Of Credit (HELOC).  The HELOC allows you to keep your home equity liquid. Merix’s HELOC allows you to borrow up to 80% of the value [...]