Posts tagged ‘Mortgage Interest Rates’
Mortgage Interest Rate Review August 31st
Late last week, RBC suddenly triggered a move to reduce the spread on their variable rate mortgages and it didn’t take long for the rest of the market to follow. Previous to the change the average spread for a 5 year variable was P-.75%. Today the spread has narrowed to P-.50%. There was tremendous competition [...]
Son Of A Broker Quoted In The Financial Post. Twice!
I like to share with my readers the small successes of my online exploits. Last week I was quoted in two separate Financial Post articles about mortgage interest rates. The recognition, as insignificant as it may be, is very satisfying and reassures me that my blogging is achieving its goal. The purpose of this blog [...]
Mortgage Interest Rate Update August 10th 2011
The recent global economic downturn has benefits if you are currently in the mortgage market. The market mayhem has two effects: on the one side it alleviates any pressure the Bank of Canada may have felt to increase the prime rate and secondly, as investors pour their money into safe investments like Government of Canada [...]
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 [...]
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 Radar: Inflation Stays Low Which Is Good For Mortgage Rates
Statistics Canada announced that in the month of February the inflation rate actually dropped. If you need to revisit grade 11 Economics then you can check out the wiki inflation definition here. The inflation rate and mortgage rates, specifically variable mortgage rates, have a very close relationship and it is worth while understanding how inflation [...]
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.