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 [...]

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. [...]

Again Merix Financial is the first “kid on the block” to introduce a new variable rate. Fresh off the press Merix is now offering P-.40 on their 3 year variable rate mortgages! The effective mortgage interest rate is currently (2.25-0.40) = 1.85%. The mortgage is available for 90 days and is available to purchasers who [...]

Mortgage interest rates in Canada haven’t changed for the past two weeks. The bond yields have remained relatively stable and low which is good if you are in the mortgage market. Currently there is little pressure on rates so we should enjoy these current low interest rates for a while. Currently I can offer the [...]

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 [...]

Mortgage interest rates have remained pretty stable over the last week and there are no signs of any changes to come. It looks as though the trend is downwards as the majority of lenders have begun to adjust their fixed 5 year rates to match the most competitive rates in the market. Given the economic [...]

I’ve recently picked up the classic novel The Foutainhead by Ayn Rand (1943). Reading it this afternoon I came across an unusually insightful quote by one of the lesser characters in the book; Kent Lansing.
“When facing society, the person most concerned, the person who is to do the most and contribute the most, has the [...]

You don’t need me to tell you that Toronto is currently experiencing an incredible real estate boom spurred on primarily by low mortgage interest rates and first time home buyers entering the market. If you are looking at buying in the near future, what you do need to hear from me is who can help [...]

There haven’t been any further significant changes to Toronto Mortgage Interest Rates over the past 7 days. Rates remain unchanged from last week… if you would like to explore if you qualify for our rate specials or are looking for a specific product, please don’t hesitate to contact me.
Chris Molder – Son Of A Broker
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Toronto mortgage interest rates have taken a definite U turn from the direction predicted by economists at the beginning of the year. It looks like low interest rates may be here to stay for a while longer. I can currently offer a 5 year fixed at an unprecedented low rate of 3.75% subject to lender [...]