Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
President's Choice Fin'l - 8 year Closed : 4.24% (0.07%) + MORE Jul 13th
President's Choice Fin'l 8 year Closed mortgage rate was changed on July 08, 2013.... More »
Tax Free Savings Accounts should be 2nd on your list Sep 4th
There are over 10million TFSA accounts in Canada according to this article in the Financial Post. Wow, it’s great to see that level of savings…. But hold on…..is this the right strategy for those of us with a mortgage? Well, if you have a mortgage on your principal reside.... More »
Latest in Mortgage News: Canada’s Housing Market Not a Bubble…Yet: BMO Feb 15th
Despite concerns about ever-rising home prices, Canada's housing market still doesn't resemble a bubble, at least not yet..... More »
How does credit card debt affect a mortgage application? Apr 7th
If you’re shopping around for a mortgage, you probably already know that lenders ask for a ton of financial information before determining how much you can borrow. That list includes your household income, down payment amount and how much you owe—including credit card debt, car payments and unse.... More »
DLC Takeover Bid Collapses Dec 21st
Unexpected drama is unfolding with one of Canada’s leading mortgage brokerages. Back in September we reported how DLC was making a play to retake control of itself from Founders Advantage Capital Corp (FA). The deal was to lead to increased investments in broker technology and new acquisitions of .... More »
Servus Credit Union – 1 year Closed : 3.10% (0.1%)
– ratesupermarket.ca
Servus Credit Union 1 year Closed mortgage rate was changed on June 24, 2013
Coast Capital Savings – 5 year Closed : 3.19% (0.05%)
– ratesupermarket.ca
Coast Capital Savings 5 year Closed mortgage rate was changed on June 25, 2013
The Intricacies of Mortgage Pre-Approvals
– canadianmortgagetrends.com
Special to CMT, By Rick Robertson Mortgage Mentor Inc. While doing some research recently, I called a number of Realtors and mortgage borrowers to get their definitions of a “pre-approval.”…
Five-year fixed-mortgage rates on the rise
– canequity.com
Rates for five-year fixed-mortgages are climbing, effectively ending the trend of 3 percent five-year fixed-mortgage rates.
According to Move Smartly, last week five-year fixed-mortgage rates rose and then rose again. The increase is a lender reaction to the Government of Canada's (GoC) bond market. The GoC's five-year bond yields have, in the past seven weeks, increased by 66 basis points.
CBC News said that bank's are seeing their borrower's rates go higher and are therefore increasing lending rates to offset the costs.
The increase in bond yields is due to three key points, according to Move Smartly. First, the willingness to pay for safety of GoC bonds was reduced and the bond yield rose from 1.15 percent to 1.44 percent from May 1, 2013 to June 6, 2013. Second, the Canadian job market spiked with almost 100,000 new jobs in May, causing bonds to surge 19 basis points. Lastly, the U.S. Federal Reserve announced it would begin to taper off its $85 billion per month program to purchase U…
According to Move Smartly, last week five-year fixed-mortgage rates rose and then rose again. The increase is a lender reaction to the Government of Canada's (GoC) bond market. The GoC's five-year bond yields have, in the past seven weeks, increased by 66 basis points.
CBC News said that bank's are seeing their borrower's rates go higher and are therefore increasing lending rates to offset the costs.
The increase in bond yields is due to three key points, according to Move Smartly. First, the willingness to pay for safety of GoC bonds was reduced and the bond yield rose from 1.15 percent to 1.44 percent from May 1, 2013 to June 6, 2013. Second, the Canadian job market spiked with almost 100,000 new jobs in May, causing bonds to surge 19 basis points. Lastly, the U.S. Federal Reserve announced it would begin to taper off its $85 billion per month program to purchase U…
Home Trust Company – 5 year Closed : 3.59% (0.3%)
– ratesupermarket.ca
Home Trust Company 5 year Closed mortgage rate was changed on June 25, 2013
