Posts tagged ‘Monday Mortgage Minute’
Mortgage Interet Rate Review September 28th 2011
Last Friday, September 23rd, we saw a huge drop in the Government of Canada 5 year bond yield. This drop creates downwards pressure on fixed rate mortgages which are priced according to bond yields. Although fixed rate mortgages are priced at an all time low it appears that there is the capacity for rates to [...]
July 21st Mortgage Interest Rate Review – Heatwave Edition
Greetings from poolside! I couldn’t stand the thought of being cooped up in the office with this historic summer day in Toronto. Conveniently all of my gadgets are working and I like the idea of doing this mobile office more often. Rates seem to be settling down and the expected July Bank of Canada prime [...]
Mortgage Interest Rate Review July 11th
Check out my latest Interest Rate Review and current interest rate offering. If you don’t see a rate you are looking for or have additional questions please don’t hesitate to get in touch with me. 416.461.0204 1 Year Fixed – 3.19% 3 Year Fixed – 3.52% 5 Year Fixed – 3.74% (120 day ratehold) 3 [...]
Mortgage Interest Rate Review For June 22nd 2011
I didn’t think we would be able to offer rates as competitive as last summer’s rates but low and behold the market has conspired to once again offer borrowers the opportunity to purchase or refinance with historically low interest rates. The following are my current offerings. I’m busy at the office but there is always [...]
Toronto Mortgage Interest Rate Review May 20th
This week I am seeing interest rates come down slightly keeping fixed rate mortgages low just below the 4% mark. Lately I have been liking the 50/50 mortgages like the Merix lendwise mortgage where 50% of your mortgage balance is charged at 3.99% and the remaining 50% variable 2.35%. Don’t see a rate? Want me [...]
Mortgage Interest Rate Review May 6th 2011
Over the past 4 weeks fixed mortgage interest rates have bounced up and down and been all over the place. It’s interesting to observe the hysteria (mostly spurred on by media) that comes with each increase to fixed rates. Each time fixed rates increase experts agree that this is the end of “low” fixed rates [...]
Mortgage Offerings For The Week
This week’s mortgage interest rate offerings from my desk. 1 Year Fixed – 2.77% 3 Year Fixed – 3.84% 5 Year Fixed – 3.99% 3 Year Variable P-.75 (2.25%) 5 Year Variable P-75 (2.25%) Prime Rate is currently 3.00%. Bank of Canada Qualifying rate 5.44% Rates are subject to change at the lenders discretion.
Mortgage Interest Rate Review Toronto February 2nd 2011
In the midst of this wintry blast find warmth in the solace low mortgage interest rates. No obligations and no pressure write or call me today 416.461.0204ext2. 1 Year Fixed – 2.85% 3 Year Fixed – 3.35% 5 Year Fixed – 3.79% 3 Year Variable P-.80 (2.20%) 5 Year Variable P-75 (2.25%) Prime Rate is [...]
Toronto Mortgage Interest Rate Review – December 17th 2010
Due to increased bond activity over the past couple of weeks again lenders have increased their fixed mortgage rates. The following are the current rate offerings:
2.75% – 1 Year Fixed
3.19% – 3 Year Fixed
3.84% – 5 Year Fixed (120 day ratehold)
P-.70 3 Year Variable (2.30%)
P-.70 5 Year Variable (2.30%)
Prime Rate is currently 3.00%.
Bank of Canada Qualifying rate 5.19%
