Browse by Tags
» mortgage payment (RSS)
Showing page 1 of 2 (14 total posts)
It's not enough to choose a variable rate mortgage based solely on rate - you also have to consider what type of variable rate you'd prefer. Below is a breakdown of the most common types:1. Adjustable Rate MortgageAn Adjustable Rate Mortgage, otherwise known as an ARM, will see your mortgage payments adjust with every Bank of Canada ...
About 12 per cent of Canadian mortgage holders would be challenged if their rate
went up by less than one percentage point, found a report from the Canadian
Association of Accredited Mortgage Professionals. CAAMP is a national agency
that represents 12,300 people who work somewhere in the mortgage
Some 650,000 ...
The Bank of Canada saw no reason to move its key lending rate from 1.00%, where it has been for a little over a year.
That's precisely what the market anticipated and it means prime rate (which is the basis for variable mortgage rates) should remain at 3.00%.
The Canadian economy is now expected to return to full ...
The interest rate gap between variable rate mortgages and fixed rate mortgages is narrowing.
The rate difference is now under 1%, down from 1.50% a month or so ago.Although the prime rate of 3.00% may not change for a year or so it is now more tempting to lock in a 5 year term fixed rate, especially since it it unlikely that fixed rates ...
Canada's big banks are marking down many of their rates. It's another tenth of a percentage point drop. That means a five-year fixed-rate will cost you 5.39%, while a one-year closed mortgage will cost 3.5 %. Economists cite a weakening US economy putting downward pressure on general borrowing costs. ...
Four of Canada’s biggest banks are once again lowering residential mortgage rates at a time when falling government bond yields are cutting funding costs for financial institutions.
Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia and Bank of Montreal are all trimming their posted rates on popular five-year fixed-rate ...
Rates Effective as at: April 18, 2011
Prime Rate: 3.00%
Qualifying Rate: 5.69%
Financial Institution 3 Yr 5 Yr 7 Yr 10 Yr 5 Yr Variable CENTUM Primo**3.694.095.655.502.30Concentra3.994.29N/A N/A 3.00First National 3.69 4.195.10 5.34 2.25FirstLine 4.004.395.255.34 2.35 Home Trust 4.59 5.09N/A N/A 3.50 ING 3.69 4.29 4.79 4.99 2.25 MCAP ...
Royal Bank of Canada started the latest round of cuts.
Toronto-Dominion Bank cut its four-, five-, seven and 10-year fixed rate mortgages to 4.99 per cent (-0.15 per cent, 5.34 per cent (-0.10 per cent), 6.14 per cent (-0.20 per cent) and 6.50 per cent (-0.15 per cent) respectively.
TD also cut its four-, five-, seven-and 10-year closed ...
Have gone up.
5 year term fixed rates range from 3.94% to 4.09% depending on "real deal" vs pre-approval, size of mortgage, and length of time until closing.
Have gone down a little.
5 year variable rate 2.20% (prime minus 0.80%)
3 year variable rate 2.15%
The rate used by lenders to ...
The major Canadian banks - CIBC, RBC Royal Bank and TD Canada Trust have increased fixed rate mortgages by 0.25 percentage points to 5.44 per cent.
The banks increased it's one-year fixed rate mortgage 0.15 percentage to 3.5 per cent.
The mortgage rates are affected by bond yields. which have also risen as a result of ...