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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 ...
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. ...
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 ...
Sales of houses on Toronto MLS are down on a year-over-year basis, which isn’t a surprise. The decline was predicted.
Each says last year’s sales were higher than expected because many buyers were brought into the market before the threat of higher fixed mortgage rates became a reality this year, skewing sales figures, thus the large ...
Canada Mortgage and Housing Corp. expects short-term interest rates will begin to rise in the second half of 2010. With the overnight rate expected to increase in the coming months, mortgage rates have begun to rise.
According to a CMHC scenario, posted mortgage rates will gradually increase throughout the course of 2010, but will do so at a slow ...
Royal Bank of Canada, the country’s largest bank, is leading the way on another round of mortgage-rate hikes, boosting borrowing costs in April for the third time in recent weeks. The rate on a five-year closed mortgage is now 6.25 per cent, an increase from the previous rate of 6.10 per cent. A one-year closed rate will, as of ...
The Bank of Canada took its first steps in March toward returning the country to more normal interest rate levels by signalling a more hawkish tone on inflation and acknowledging the economy is performing better than expected on “vigorous” consumer demand.
The messages were conveyed in the Bank of Canada’s latest ...