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 [...]
Entries Tagged as 'General'
Interest Rate Update - increases
March 29th, 2010 · No Comments
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 [...]
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 [...]
Tags: General
Buyingblock.com Rate Update
February 25th, 2010 · No Comments
Great rates abound in the Mortgage Marketplace and Buyingblock.com is prepared to get you the best rate:
Take advantage with a mortgage pre-approval and hold a great rate for 120 days or if you have a firm offer, speak to our mortgage experts about getting you a super low ‘Quick Close Special’ interest rate!!
Rates:
QUICK CLOSE SPECIAL
5 [...]
Tags: General
Rate Update and Mortgage News
February 16th, 2010 · No Comments
Specials abound. Fixed rates as low as 3.69% on five year terms and variable rates as low as 1.95% or prime minus .30%.
As well, some new mortgage rules are slated to take effect April 19th as this morning Finance Minister Jim Flaherty made the following three announcements to mortgage insurance rules:
1. Variable mortgages qualified at five [...]
Tags: General
Rate Update and News
January 19th, 2010 · No Comments
Again, Mark Carney and the Bank of Canada has announced they would keep the key interest rate at a record-low 0.25 per cent to achieve its inflation target of two per cent and keep economy going. This means prime rate is staying at 2.25%.
While the Bank said economic growth in Canada resumed in the third [...]
Tags: General
Rate Update & debt consolidation article
January 12th, 2010 · No Comments
Low rates still around but for how long? Five year fixed at 3.79% still lingering for quick close deals in next 30 days though 1/2 dozen lenders have raised rates above 4% on the popular five year fixed product. 3.89% can be held for 120 days. Variable/adjustable rate mortgage still availalbe at 2% or prime [...]
Tags: General
Rate Update / Housing news …
January 8th, 2010 · No Comments
Good chance fixed rates could be climbing. Current low is 3.79% with 30 day rate hold or 3.99% for 120 days. Note some lenders already up in mid 4% range. Variable still in 2% or 2+% range depending on lender. Job numbers being released today will influence the bond yields and in turn likley affect fixed rates. [...]
Tags: General
Rate Update
December 29th, 2009 · No Comments
Happy New Year? Perhaps not as two smaller lenders today raised the 5 year fixed rate almost a 1/2 point from 4% range to 4.44%. Will others follow? Likely. Bond market has heated up in December. If debating locking in now may be the time to consider since many lenders still a fraction below 4%.
Still [...]
Tags: General
Rate Update and news
December 15th, 2009 · No Comments
Interest rates continue to trickle down. Variable rate as low as 2% now, or prime minus .25%, and new 30 day quick close special on the 5 year fixed rate at 3.79%.
Some conditions apply.
· TSX +121.76
· DOW +29.55
· Dollar +.05c to 94.40cUS
· Oil -$.36 to $69.51US per [...]
Tags: General