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%
What Is a Private Mortgage? Ask a S.o.b
This week’s question is in regards to the various post we have online regarding Private Mortgages in Toronto. What is a private mortgage? Private mortgages are a special and very interesting type of mortgage option that most people are not too familiar with. The most basic definition of a private mortgage is a mortgage ...