Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Interest rates rise at weekly auction of US Treasury bills Aug 23rd
WASHINGTON – Interest rates on short-term Treasury bills rose in Monday’s auction, with rates on six-month bills climbing to their highest level since late May.
The Treasury Department auctioned $40 billion in three-month bills at a discount rate of 0.310 per cent, up from 0.300 per cent.... More »
The Latest in Mortgage News: Recent hikes are “painful” for variable-rate mortgage borrowers, says BoC Nov 25th
Homebuyers with a variable mortgage rate are facing a "painful" adjustment as interest rates continue to rise, the Bank of Canada's Senior Deputy Governor Carolyn Rogers said this week..... More »
The State of Rental Financing + MORE Apr 18th
Last November the Department of Finance banned default insurance on single-family rentals. That was a near-knockout blow to the rental financing businesses of lenders who rely on securitization. Since then, lenders who compete with the big banks have been forced to find new balance sheet funding. Th.... More »
California's Mortgage Raid + MORE Sep 24th
Jerry Brown and the Legislature refuse to honor a court order..... More »
Canadian bond yields rebound sharply, sending some mortgage rates higher + MORE Jul 2nd
After being on a downward path for the past two months, Canadian bond yields have reversed course and are once again on the rise..... More »
Got a small mortgage? Why you’ll likely get a lousy rate
– theglobeandmail.com
Mortgage minimums are becoming more common. Unfair as it might seem, lenders may frown on those with big down payments and modest mortgage needs
A New Mortgage Opinion Poll
– canadianmortgagetrends.com
At last week’s Mortgage Forum, Kyle Davies from Bond Brand Loyalty let us peek into the minds of mortgage consumers. Bond surveyed 2,000 homeowners from across the country. They were asked about their mortgage experiences and choices. Here were 10 of the top findings: Debt on debt: 9% have borrowed from another debt source to make a mortgage payment Mind you, up to 7% of Canadian mortgages may be considered sub-prime, so this number is far from startling. Even prime borrowers undergo unexpected life events (income loss, divorce, etc.) that lead to desperation. Size isn’t everything, but: The vast majority of Canadians are READ MORE
