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

Rate rises

April 28th, 2010 · No Comments

Folks could be another small fixed rate jump on horizon.  See below.  Strange days indeed. 
 
Inflation #s for March were lower than Feb. ( which many say were skewed by Olympics ) which may give Bank of Canada and Mark Carney opportunity to not raise prime rate until July as forecasted instead of bumping up [...]

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Tags: General

Fixed Interest Rate Hike

April 13th, 2010 · No Comments

RBC and Scotia surprisingly raised fixed rates further today, a mere two weeks since last spike.  Suspect others may follow.  Was a 1/4 point increase lifting popular 5 yr. fixed rate to 4.7% range with these lenders.  Still others available as low as 4.19% for same product in broker channel. 
 
Variable still a super low [...]

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Tags: General

Rate Update

April 3rd, 2010 · No Comments

Fixed rates up unfortunately.  Standard 5 year fixed now at 4.24%.  Variable still low at 1.75% or prime minus .50%.
Call or email Buyingblock.com for more details.  Ask how you can get an additional .05% off your interest rate.

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Tags: General