Posts tagged ‘Monday Mortgage Minute’
Monday Mortgage Minute March 8th Interest Rates
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 the [...]
Toronto Mortgage Interest Rates March 1st 2010
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 26th. [...]
Monday Mortgage Minute February 8th – Toronto Interest Rates
We started off this morning with the lowering of the fixed 5 year special offered by mortgage lender Merix Financial leading all the lenders down. The “quickclose” special is now at 3.69% for a fixed 5 year rate. The only condition is that the mortgage must close by March 26th 2010. Other than that this [...]
Monday Mortgage Minute January 11th 2010
Mortgage interest rates have remained unchanged from last week. Although some lenders have increased their rates, the majority have opted not to buy into the hype created by the markets and held off on increasing rates this week. While lenders are still warning us of immanent rate increases nothing will budge until it is clear [...]
Monday Mortgage Minute January 4th 2010
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 [...]
Monday Mortgage Minute – Dec 21st, 2009
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 [...]
Monday Mortgage Minute – Dec 14th 2009
Very few changes this week to mortgage interest rates in Toronto. 1 year fixed – 2.60% 3 year fixed – 3.40% 5 year fixed – 3.99% 3 year variable – Prime-.10% (2.15% effective rate) 5 year variable – Prime-.10% (2.15% effective rate) RATE SPECIALS 5 year fixed – 3.89% 3 year variable Prime-.25% (2.00% effective [...]
Monday Mortgage Minute – Dec 7th 2009
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 [...]
Monday Mortgage Minute- November 23rd 2009
My Monday Mortgage Minute for November the 23rd. If you don’t see a rate that you are looking for or have a specific mortgage question email me here. 1 year fixed – 2.75% 3 year fixed – 3.59% 5 year fixed – 4.19% 3 year variable – Prime-.10% (2.15% effective rate) 5 year variable – [...]