Tag: interest rates

mortgage-broker-benefit

Advantages of using a Mortgage Broker

By: igill

Mortgage Brokers are your personal shopper when it comes to mortgages. Brokers will have access to many lenders, each of them servicing a certain type of borrower. Brokers can present your application to the right lender, knowing which one will be a great fit. Using established relationships with lenders and presenting the file to them …

mortgage rate options

The ins and outs of mortgage rates

By: The Super Broker

It seems like not a week goes by that a major news story doesn’t rock the Canadian real estate market regarding mortgage rates.

Longer mortgage amortizations.

Longer amortizations…why do they cost more?

By: igill

With new regulations, insured mortgages have a maximum 25 year amortization. Banks often choose to insure low ratio mortgages, and cover the cost themselves. Having insured mortgages allows banks to off load the risk and securitize these mortgages.

New mortgage insurance rules.

Mortgage insurance rule changes…how will they affect you?

By: Tamar Leis

In October and November this year the Government of Canada made changes to mortgage insurance requirements. Mortgage insurance is provided by three companies in Canada. The biggest provider of mortgage insurance is CMHC a crown corporation. This insurance is paid for by the borrower and protects the lender in case of default. It reduces the …

How the recent rate cuts may impact mortgage regulations

By: mkerzner

With the latest Bank of Canada (BoC) rate cut to 0.50% comes a reminder that many would like us to believe our housing market is tenuous. Once again there is a lot of discussion about just how overheated our market is and the dire circumstances many current home buyers are likely to find themselves at …

BMO

Homebuyers looking to take advantage of low mortgage rates

By: The Super Broker

It seems like not a day can go buy without some industry observer proclaiming that the sky is falling in the Canadian real estate market. However, if data from the Bank of Montreal is to be believed, maybe the end times aren't as certain as some may think. While it's no secret that the housing …

spring-home-sales

Mortgage rates effect spring home sales

By: The Super Broker

In May, sales of existing homes in Canada rose 3.6 percent, marking the biggest monthly gain in two-and-a-half years. But with Canadian mortgage rates likely to rise, and some doomsayers predicting a housing bubble, the question is whether that growth is sustainable. Rising interest rates pushing people to buy now? Many buyers, realtors and investors are trying …

Canadian mortgage rates continue to climb after Bernanke's latest edict

By: The Super Broker

With Canadian and American mortgage rates being closely linked, there is little surprise to be seen on the faces of Royal Bank of Canada and Scotiabank officials as the remarks of U.S. Federal Reserve Chairman Ben Bernanke spurred rates for a five-year closed mortgage to a level of 4.26 percent as detailed in the Epoch …

Five-year fixed-mortgage rates on the rise

By: The Super Broker

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, …

Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage