Posts tagged ‘Videos’
Mortgage Interest Rate Review January 19th 2012
Tweet Late last week while I was away in Punta Cana for the Mortgage Centre Annual conference lenders announced their newest fixed rate mortgages. Lenders are now offering 3.15% for a fixed 5 year rate mortgage which has again set a new low for fixed rate mortgages. Some borrowers might be surprised that the new [...]
Reaction to BMO’s 2.99% Fixed 5 Year Mortgage
Tweet Yesterday Bank of Montreal announced a new fixed 5 year rate mortgage that has set a new all time low for mortgage rates in Canada. Is it the lowest rate? Yes. Is it the best mortgage? Maybe not. Watch the video below to learn why. Tweet
Mortgage Interest Rate Review December 6th 2011, Prime Rate Remains Unchanged
Tweet The Bank of Canada met this morning for the last time in 2011 to make their interest rate announcement. As was widely expected the bank left the prime rate unchanged at 3.00%. If you have a variable rate mortgage or a line of credit your monthly payment won’t change. The bank reported that conditions [...]
Mortgage Interest Rate Review November 23rd 2011
Tweet The number of Canadians carrying mortgage debt into their 70s was the hottest mortgage topic this week. A recent RBC poll showed that one-third (33 per cent) of older Canadians over the age of 55, have 16 or more years left on their mortgage term. This statistic makes me wonder if these older Canadians [...]
Mortgage Interest Rate Review November 10th 2011
Tweet The mortgage interest rate roller coaster continues to enthrall its riders yet again. The latest twist came as Sheryl King, an economist at Bank of America, predicts that Europe’s worsening sovereign-debt crisis is going to push the central bank to cut its key rate down to .025% or 2.25% in consumer terms. Her report [...]
Mortgage Interet Rate Review September 28th 2011
Tweet 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 [...]
Mortgage Interest Rate Review August 31st
Tweet 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 [...]
Mortgage Interest Rate Update August 10th 2011
Tweet 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 [...]
Chris Molder: Mortgage Blogger
Tweet A few weeks ago I was contacted by mortgagebrokernews.ca , Canada’s leading mortgage industry news site, to come in and do a video interview about the challenges and benefits of blogging for mortgage brokers. While I still consider myself a novice in the field, I was happy to share some insights with my colleagues [...]
