Monday Mortgage Minute – Dec 21st, 2009
Toronto Mortgage interest rates for the week of December 21st. Interesting to note that during a week that is traditionally calm in the markets there was another rise to the 5 year bond yield. I’ll keep an eye on further developments during the week to see how fixed rates will be effected. 1 year ...
Adding Art to Your Toronto Condo
Having purchased a Toronto condo, all of sudden I have become keenly aware of interior design, textiles, furniture and all the elements that enhance your living space. It can be an intimidating world for a simple guy whose interior design experience includes hanging posters of various sports heros, fast cars and swimsuit models during ...
Monday Mortgage Minute – Dec 14th 2009
Very few changes this week to mortgage interest rates in Toronto. 1 year fixed – 2.60% 3 year fixed – 3.40% 5 year fixed – 3.99% 3 year variable – Prime-.10% (2.15% effective rate) 5 year variable – Prime-.10% (2.15% effective rate) RATE SPECIALS 5 year fixed – 3.89% 3 year variable Prime-.25% (2.00% ...
Merix Financial Decreases Interest Rates
Merix financial has just announced this afternoon that they have decreased their mortgage rates. Further to my post earlier this week regarding the Merix 50/50 mortgage the new rate works out to be 3.07%! 3.99% for the 5 Year Fixed portion Prime – .10% for the 5 Year ARM portion Weighted average rate: 3.07%
Monday Mortgage Minute – Dec 7th 2009
Mortgage interest rates in Toronto have stayed fairly steady over the past week despite the increase to bond yields last Friday. Tomorrow the Bank of Canada will decide on whether to increase the prime rate. There is unanimous consent among economists that the prime rate will remain unchanged however it will be interesting to ...