by Geoff | Dec 18, 2015 | mortgage trends, Rates
Where are Mortgage Rates Headed We have finally seen a bump up in interest rates. The 5 year government bond rate hit a low of about .60 in mid-September and is now pushing towards 1%. The lenders have reacted to this and we have seen the low rates of 2.59% on the 5...
by Geoff | Nov 25, 2015 | Rates
THIS JUST IN, MORTGAGE INTEREST RATES ARE…and there it is again…headline news about another low rate from one of the main lenders. But what does it all mean and why does it continue to grab the headlines on the evening news? It probably comes as little surprise...
by Geoff | Oct 2, 2015 | Rates
Securing a rate hold is like having insurance on your mortgage rate – you no longer have to worry about mortgage rates increasing while you find your new home over the next 90-120 days. And if rates drop within that same period, so too will your pre-approved rate....
by Geoff | Aug 13, 2015 | Bank of Canada, Economy, Finances, Market Updates, mortgage trends, Rates, Uncategorized
The incredible rise of house prices across Canada over the past few years may come as no surprise, but many home owners are sitting on a time bomb and nobody knows when it will explode; however, there has been a lot of talk of rising interest rates to help slow down...
by Geoff | Jul 27, 2015 | Bank of Canada, Economy, Finances, Mortgage Broker, Rates
One of the biggest questions we receive is “What is better, variable or fixed interest rate?” The answer really depends on you! Here are some things to look at when considering a variable or a fixed rate: Risk – variable rates follow the Bank of Canada. When...
by Geoff | Sep 5, 2014 | Rates
The Bank of Canada sits tight as the prime rate has been entrenched at 3% for four years now, the longest stretch of flat rates since the 1950s. And the Bank of Canada gave no hint of change at this week’s rate meeting. Here’s the gist of its statement from this...
Recent Comments