Bank of Canada Prime Rate Increase
The Bank of Canada today announced that it is raising the prime rate by one-quarter of a percent. Canada’s economy is growing faster than expected along with inflation. But uncertainty about Europe’s debt crisis will affect how quickly interest rates can rise. Click here to read the full Press Release. If you are curious ...
Monday Mortgage Minute – May 31st
Toronto mortgage interest rates haven’t changed over the past 7 days. However tomorrow morning after the Bank of Canada makes their decision regarding the prime rate we could see some interesting movement in the fixed rate mortgage market. Stay tuned for more. Chris Molder – Son Of A Broker 2.85% – 1 Year Fixed ...
Monday Mortgage Minute – Toronto Interest Rates May 24th
I didn’t manage to get this post up yesterday it was way too nice of a day! As explained in past videos, fixed rate mortgages are dependent on bond yields. Over the past 2 weeks the yields have suffered as a result of the economic turmoil in Europe caused by the Greek crisis. Even ...
Toronto’s Own
My colleague Mark Savel is an interesting guy. Ask him what he does and he will say “real estate”. Ask him who he is and he’ll respond “Toronto’s own”. Mark loves our fair city of Toronto. His blog is not only an original source of freshly released information about Toronto’s newest and hottest real ...
Understand Your Credit Score
If you are applying for a mortgage or any other type of credit, a lender will always want to see your credit score. Having a strong credit score is so important to a mortgage application. When I sit down with clients and it comes to checking credit, there is often a sense of uneasiness ...
Monday Mortgage Interest Rate Minute May 10th
2.65% – 1 Year Fixed 3.85% – 3 Year Fixed 4.35% – 5 Year Fixed 3.25% – Merix 50/50 Mortgage (Fixed/Variable hybrid) P-.40 3 Year Variable P-.50 5 Year Variable NOTE: Rates are subject to change without warning at the lender’s discretion.