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Entries Tagged as 'General'

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

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 [...]

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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 [...]

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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 [...]

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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 [...]

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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.  [...]

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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 [...]

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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. 
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Tags: General