We all need to release somehow. When I find I have too many interest rates, bond yields, Bank of Canada economic reports, lender policy and guidelines on my mind there is nothing better than a sail. This year the sailing season couldn’t start soon enough as I spent the Easter weekend zipping around Toronto Island [...]

We all knew it was going to happen, we just didn’t know exactly when. Last Monday fixed rate mortgages increased. The fixed 5 year rate increased by a half of a percent from 3.89% to 4.39%. The following are current rates that I can offer but if you are feeling down that you missed an [...]

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. [...]

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 [...]

I have joined a group of Toronto volunteers who have committed themselves to offering their professional services in exchange for donations to the Haiti relief effort. www.TorontoWorksForHaiti.com Our group includes professionals and entrepreneurs offering a wide range of services all the way from Artists, to Japanese translation services, to Style Consultants and Social Media services.

I [...]

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 [...]

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 [...]

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 [...]