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Latest News
New year, better mortgage rates: Credit tips to get you there + MORE Jan 5th
As we step into a new year, it’s a great time to reassess your financial habits and ensure your credit profile is in top shape..... More »
RateHub to Launch a Mortgage Brokerage + MORE Jul 13th
Mortgage leads are profitable but mortgages themselves are much more so. It’s not a complete shock then that RateHub.ca, a lead generation company, is starting its own brokerage. RateHub, a leading mortgage rate comparison site, hasn’t publicly named the new brokerage yet, but says it will launc.... 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 »
When You Might Need an Alternative Lender Mortgage + MORE Sep 21st
The majority of homeowners are blissfully unaware of alternative mortgages. They presume everyone is entitled to sub-3% mortgage interest rates, with no fees of any kind. But there is a growing, significant percentage of borrowers who need a different type of mortgage financing solution. Sometimes t.... More »
I missed a mortgage payment. What happens now? + MORE Sep 20th
If you skip one month’s mortgage payment, then resume scheduled payments for six months, all six of those payments may be considered late..... More »
Laurentian Bank Canada – 3 year Closed : 3.95% (0.2%)
– ratesupermarket.ca
Laurentian Bank Canada 3 year Closed mortgage rate was changed on August 22, 2013
Spotlight On Mortgages: August 23, 2013
– ratesupermarket.ca
Canadian High Rise Demand Hits New Low
There’s no denying it – a new high rate reality is upon us. This week brings about another fixed rate increase, as RBC hikes both their discounted and posted offerings between 20 and 30 basis points. This means the five-year fixed posted rate is now 5.34 per cent, and the discounted rate sits at 3.89. Canada’s biggest lender is joined by TD, which hiked the their special five-year posted rate to 3.79 and their posted to 5.14, and Laurentian Bank’s 20-point increase to its three, four and five-year offerings to 3.95, 4.74, and 5.34 per cent.
Last week, the CMHC indicated in the Q3 Housing Market Outlook that rates are foreseen to climb for at least two more years, as the market adjusts to recent restrictions made to lender mortgage funding. This was backed by members of our Mortgage Rate Outlook Panel, who indicated that higher rates are indeed on the horizon. “[Restricting] the amount of CMHC guarantees under the NHA MBS program will probably force through an increase in borrowing costs to the banks,” said Dr…
T-D Mortgage – 5 year Closed : 3.79% (0.1%)
– ratesupermarket.ca
T-D Mortgage 5 year Closed mortgage rate was changed on August 22, 2013
Rates Rise Again. No Housing Threat Yet
– canadianmortgagetrends.com
Fixed mortgage rates have been on a steady ascent since bond yields blasted off in May. Now, the major banks are jacking up rates again. Most of the Big 6…
Equitable Bank – 3 year Closed : 3.95% (0.2%)
– ratesupermarket.ca
Equitable Bank 3 year Closed mortgage rate was changed on August 22, 2013
