Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
One Mortgage Association, or 6 + MORE Feb 6th
There is no lack of threats facing the mortgage broker world: disintermediation, mortgage commoditization, shrinking compensation, the potential of banks leaving the channel, lack of awareness of brokers' value proposition,....... More »
Mortgage Digest: 5 big banks cut fixed mortgage rates following bond yield drop + MORE Feb 17th
Mortgage providers nationwide have been gradually lowering their fixed mortgage rates, including five of the country's Big 6 banks..... More »
President's Choice Fin'l - 1 year Closed : 3.24% (0.1%) + MORE Oct 6th
President's Choice Fin'l 1 year Closed mortgage rate was changed on September 25, 2013.... More »
Bank of Montreal - 5 year Variable Closed : 3.00% (-0.1%) + MORE Sep 9th
Bank of Montreal 5 year Variable Closed mortgage rate was changed on September 06, 2013.... More »
My four best money-saving rules: Roseman May 20th
Paying yourself first is a powerful strategy, as I learned after retiring my mortgage. Here are more financial truths that can set you free..... More »
Royal Bank of Canada – 4 year Closed : 3.39% (0.4%)
– ratesupermarket.ca
Royal Bank of Canada 4 year Closed mortgage rate was changed on July 24, 2013
First Calgary Financial – 5 year Closed : 3.44% (0.25%)
– ratesupermarket.ca
First Calgary Financial 5 year Closed mortgage rate was changed on July 24, 2013
Shop Your Renewal
– canadianmortgagetrends.com
Lenders make a lot more money when they renew your mortgage than on your initial term. That’s partly because they don’t have to compensate anyone for referring you (or compensate…
Spotlight On Mortgages: July 26, 2013
– ratesupermarket.ca
The mortgage interest rate hikes we’ve seen over the past month don’t look to be reversing any time soon; bond yields continue to trend high, and lenders are adjusting their fixed offerings accordingly. The future is looking less certain for homeowners nearing renewal, or first time buyers reassessing their ownership budgets.
Could you still afford your monthly mortgage payments if rates rose by one per cent? Two? Five? It’s vital to know the limits of your mortgage affordability – and how to react should you reach them. Stress testing your mortgage identifies areas of financial weakness, and a glimpse at possible new budgeting requirements. Here are a few ways to put yours to the test.
Ask “What If?” With Your Rate
Perhaps you’re a savvy homeowner who snapped up one of the record low mortgage rates seen last year – at their lowest, we saw lenders dip their five-year fixed rates as far as 2.62 per cent in April! If you’ve locked in at such a bargain, you certainly deserve a pat on the back… but don’t get too used to it…
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
