Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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Beyond home prices: What the new CMHC affordability index reveals about Canada + MORE Apr 24th
Take a look at just about any housing affordability index in the country and you’ll notice something pretty quickly: they almost always focus exclusively on home prices and mortgages. Rental units simply aren’t included.
The Canada Mortgage and Housing Corporation (CMHC) has acknowledged this.... More »
‘It’s choking me’: This homeowner’s mortgage payments have shot up by more than $1,000 a month. What should he do? + MORE Dec 31st
‘I was naive. I’ve never experienced rate hikes like this before,’ homeowner says, adding he plans to switch to a five-year fixed rate when rates hit 3%..... More »
How Does the Home Capital Crisis Affect Me? + MORE May 12th
As of late, Home Capital Group is dominating the headlines. To quickly summarize, on April 19, the Ontario Securities Commission (OSC) claimed that brokers had falsified information on mortgage applications submitted to Home Trust. As a result, shares in the company dropped while customers withdrew.... More »
CMHC reports further slowing of housing starts with no turnaround in sight Feb 16th
The pace of homebuilding in Canada continues to slow with no near-term signs of a turnaround, said Canada Mortgage and Housing Corp. on Monday..... More »
Street Capital Axes its Trailer Model + MORE Jun 3rd
A trailer fee is a commission that a lender pays to a mortgage broker when his or her client renews with that lender. It’s basically an incentive for brokers to keep their clients with the lender after the mortgage matures. But trailers haven’t worked out as hoped for Street Capital.... More »
Fannie's Fake Victory Lap
– online.wsj.com
The mortgage giant’s profits don’t offset the cost of the financial crisis.
Rate falls on 3-month Treasury bills; rate on 6-month bills steady
– canadianbusiness.com
WASHINGTON – The interest rate on three-month U.S. Treasury bills fell in Monday’s auction while the rate on six-month bills was unchanged.
The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.045 per cent, down from 0.050 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 discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.86, while a six-month bill sold for $9,996.21. That would equal an annualized rate of 0.046 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, was 0.12 per cent last week, unchanged from the previous week.
The post Rate falls on 3-month Treasury bills; rate on 6-month bills steady appeared first on Canadian Business.
The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.045 per cent, down from 0.050 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 discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.86, while a six-month bill sold for $9,996.21. That would equal an annualized rate of 0.046 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, was 0.12 per cent last week, unchanged from the previous week.
The post Rate falls on 3-month Treasury bills; rate on 6-month bills steady appeared first on Canadian Business.
