Posts tagged ‘Variable Rate’
Monday Mortgage Review for August 30th 2010
Tweet 2.70% – 1 Year Fixed 2.90% – 3 Year Fixed 3.69% – 5 Year Fixed (quick close Sept 30th) 2.87% – Merix 50/50 Mortgage (Fixed/Variable hybrid) P-.70 3 Year Variable P-.65 5 Year Variable Prime Rate is currently 2.75%. Bank of Canada Qualifying rate has dropped to 5.39%. NOTE: Rates are subject [...]
Monday Interest Rate Review August 23rd 2010
Tweet Mortgage interest rates continue to stay low as weak numbers indicate that we are still far from full economic recovery. Rates are always changing and it’s hard for a borrower to explore and shop the entire market to ensure that they are getting the right product and best rate. Mortgage brokers are people who [...]
Monday Interest Rate Review for August 16th 2010
Tweet If we were to take a general macro view of fixed mortgage rates in Canada one can say that when the markets (i.e. TSX, DOW etc) are strong there is upwards pressure on fixed rate mortgages and the opposite is also true so that when the markets are weak there is downwards pressure on [...]
Monday Mortgage Minute for August 9th, 2010
Tweet Mortgage interest rates are back down. Way down. I am back from my road trip out West and ready for action. Picking up sound bites from different headlines in the news it looks like the complexion of our Canadian housing market looks just a little bit grayer. With headlines such as “CREA lowers home [...]
Mortgage Interest Rates For July 12th
Tweet I was out of the city this past Monday camping in Killbear Park far from any internet connection making it impossible to get my Monday Mortgage Minute up. I’ll just briefly post the current rates for anyone who is looking to see how rates have changed since last week. Chris Molder – Son Of [...]
Monday Mortgage Minute – Interest Rates July 5th 2010
Tweet All signs are pointing to lower fixed rate mortgages again for the 3rd time this year. Bond yields are low and as a result we are seeing fixed rate mortgage prices dropping just a little bit further this week. The Bank of Canada has also dropped its benchmark qualifying rate for high ratio mortgages [...]
Monday Mortgage Minute- Toronto June 21st
Tweet It looks like the fixed mortgage rate market has stabilized after the bank of Canada’s decision to increase the prime rate earlier this month. While rates aren’t as low as earlier this year, mortgage interest rates still remain low historically speaking. With signs that the housing market is cooling and interest rates are staying [...]
Monday Mortgage Minute June 14th- Interest Rates
Tweet World Cup fever is on in Toronto and mortgage interest rates are remaining low and stable. While a variable rate mortgage may not fit everyone’s needs it remains a good option in today’s market. Give me a call to discuss whether it is right for you? Chris Molder – Son Of A Broker 416.461.0204 [...]
Monday Mortgage Minute June 7th 2010
Tweet Following the Bank of Canada’s interest rate announcement last Tuesday we weren’t too sure in which direction the fixed rate market would move. Mortgage lenders responded by lowering their fixed rate mortgage rates. They also increased the spread on the 5 year variable rate mortgage from P-0.50 to P-.60 giving an effective rate of [...]
