Tips and Trick for Toronto first time Home Buyers With interesting stories and helpful tips from the trenches.
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Entries from March 2010

Interest Rate Update - increases

March 29th, 2010 · No Comments

RBC and TD have announced that they are lifting rates on fixed term products.  See below for full details keeping in mind those are the posted rates. Others are likely to follow and discounts below posted rates are anywhere from 1.4-1.6%.   
 
No change to prime rate and variable or adjustable rate mortgages.  Though that is [...]

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Tags: General

Rate update

March 19th, 2010 · No Comments

Even with news speculating of impending rate hikes, lenders keep lowering mortgage rates as competitive spring real estate market begins to heat up.  Fixed rates have dropped with specials as low as 3.64% on 5 year terms ( 30 day rate hold ), 3.79% for 5 years can be held for 120 days and now variable [...]

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Tags: General

Mortgage Rate Update

March 12th, 2010 · No Comments

Some specials this week with one lender dropping the variable rate mortgage to 1.75!  That is prime minus .50%.  Three year term.  Fixed rates as low as 3.29% for three years and 3.64% for five years.  Bank of Canada met two weeks back suggesting prime rate staying low til at least mid year.   Great time [...]

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Tags: General