Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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The Latest in Mortgage News – Home Prices and Rate Hikes + MORE Oct 4th
Interest rates, and more specifically the growing certainty of higher rates to come, have been dominating headlines following the announcement of a new trade agreement between Canada, the U.S. and Mexico. With the expectation of rising interest rates, many eyes are also on the developments in the re.... More »
Latest in Mortgage News: 4 in 10 Buyers Open to Purchasing a Home “Virtually” + MORE Jun 13th
Social distancing restrictions in place for the past few months have transformed the way homes are bought and sold, with many showings now taking place “virtually.” And many homebuyers—42%, to be exact—are just fine with that, according to a recent survey by the Ontario Real Estate A.... More »
How to Improve Your Credit Score – Student Edition + MORE Sep 15th
The new school year is in full swing and if you’re a university or college student, then you’ve probably already settled comfortably into your new routine and dorm room. As you buy books, begin assignments and make new friends, the last thing you’re likely thinking about is your credit.
But.... More »
Mortgage Career: Street Capital – Senior Mortgage Underwriter (Toronto) + MORE Aug 6th
Company: Street Capital Position: Senior Mortgage Underwriter (Toronto) Licences or Registrations Required: No Location of Position: Toronto, Ontario Applicants may contact: Chris Laing, Eastern Canada Credit Manager at careers@streetcapital.ca Advertise your mortgage job opening today! Click here t.... More »
Average 30-year loan rate falls to 3.57 per cent, 3-year low + MORE May 12th
WASHINGTON – Long-term U.S. mortgage rates fell this week for a third straight week, posting new lows for the year. The benchmark 30-year rate reached a three-year low.
The low rates come amid the spring home buying season, luring prospective purchasers.
Mortgage buyer Freddie Mac said Thursda.... More »
Is seller financing an answer to CMHC restrictions?
– thestar.com
Real estate mortgage: Seller financing can work, but be sure everyone is on the same pageFirst Calgary Financial – 3 year Closed : 2.95% (0.16%)
– ratesupermarket.ca
First Calgary Financial 3 year Closed mortgage rate was changed on July 24, 2013
First Calgary Financial – 4 year Closed : 3.09% (0.2%)
– ratesupermarket.ca
First Calgary Financial 4 year Closed mortgage rate was changed on July 24, 2013
More on CMHC’s MBS Ceiling
– canadianmortgagetrends.com
When news broke last week about CMHC limiting securitization guarantees, it was commonly viewed as a new attempt by Ottawa to clamp down on mortgages. In fact, it was an…
Treasury rates mixed at weekly auction with 3-month bills rising to highest in 3 weeks
– canadianbusiness.com
WASHINGTON – Interest rates on short-term Treasury bills were mixed in Monday’s auction with rates on six-month bills unchanged while rates on three-month bills rose.
The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.055 per cent, up from 0.040 per cent last week. Another $25 billion in six-month bills was auctioned at a discount rate of 0.075 per cent, unchanged from last week.
The three-month rate was the highest since these bills averaged 0.060 per cent on June 24.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.61 while a six-month bill sold for $9,996.21. That would equal an annualized rate of 0.056 per cent for the three-month bills and 0.076 per cent for the six-month bills.
Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, edged up to 0.12 per cent last week from 0…
The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.055 per cent, up from 0.040 per cent last week. Another $25 billion in six-month bills was auctioned at a discount rate of 0.075 per cent, unchanged from last week.
The three-month rate was the highest since these bills averaged 0.060 per cent on June 24.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.61 while a six-month bill sold for $9,996.21. That would equal an annualized rate of 0.056 per cent for the three-month bills and 0.076 per cent for the six-month bills.
Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, edged up to 0.12 per cent last week from 0…
