Blog posted by Cory Kline, AMP
Views (5409)
Bridge financing could have saved the day last month when a series of disasters on closing day caused three related real estate deals to fall apart.
When a bank pulled the financing from one buyer at the last minute, it caused all the... [ read more ]
Blog posted by Cory Kline, AMP
Views (5320)
Fixed mortgage rates have been on a steady ascent since bond yields blasted off in May. Now, the major banks are jacking up rates again.
Most of the Big 6 are lifting their “Special offer” 5-year fixed mortgages to 3.79% or 3.89%, a 20 basis... [ read more ]
Blog posted by Cory Kline, AMP
Views (4962)
When news broke last week about CMHC limiting securitization guarantees, it was commonly viewed as a new attempt by Ottawa to clamp down on mortgages. In fact, it was an old attempt.
The $85-billion MBS guarantee limit (the one that made headlines on... [ read more ]
Blog posted by Cory Kline, AMP
Views (5268)
Article from Canadian Finance Blog, Written by: Alan Schram
For the most part, I think Canadians have the advantage over Americans. Our housing economy didn’t crash (completely), our banks don’t appear to be failing, and medical care is... [ read more ]
Blog posted by Cory Kline, AMP
Views (5591)
As expected, there was no change in the Bank of Canada press release. Bank prime remains at 3%.
This means no changes in variable rate mortgages or line of credit rates.
Five year money ranging from 3.39%-3.59% and 10 year money is at... [ read more ]
Blog posted by Cory Kline, AMP
Views (5250)
The interest rate market has remained steady the past 7 days. No changes in rates. There is not expected to be any changes with the Bank of Canada next week.
5... [ read more ]
Blog posted by Cory Kline, AMP
Views (5585)
Bonds rates have steadied the past week. However, yesterday's news contained reports that the US Fed may stop supporting their extraordinary stimulus in terms of their... [ read more ]
Blog posted by Cory Kline, AMP
Views (5718)
Interesting article from The Financial Post...
A few days ago, Scotiabank received permission from the Securities and Exchange Commission (SEC) to market to US retail investors what are known as covered bonds. In pursuing SEC approval for market access, Scotia was... [ read more ]
Blog posted by Cory Kline, AMP
Views (5209)
Market Update: Rates are up!
The bond rates have shot up approximately 40 basis points the past 2 weeks. All lenders have raised their 5 year fixed rates at least once and... [ read more ]
Blog posted by Cory Kline, AMP
Views (5859)
As expected, there was no change in the Bank of Canada press release. Bank prime remains at 3%.
This means no changes in variable rate mortgages or line of credit rates.... [ read more ]
Blog posted by Cory Kline, AMP
Views (5128)
Bonds were steady this week, but still creating upward pressure on fixed rates. So far, no more changes; however, any further upward movement will likely result in all lenders adjusting their rates. The... [ read more ]
Blog posted by Cory Kline, AMP
Views (5783)
We saw a small movement upwards in the bonds the last few days. There have been no major changes in interest rates
5 year funds are available in the 2.84-2.99% range, 10 year... [ read more ]
Blog posted by Cory Kline, AMP
Views (5515)
Did you know? Both CMHC and Genworth will consider refinances for marital split payouts up to 95% of the home value, on an exception basis. Typically clients can only refinance up to 80% LTV of the equity... [ read more ]
Blog posted by Cory Kline, AMP
Views (6179)
Another week has past and the interest rate markets remain extremely low and unchanged. 5 year funds are available in the... [ read more ]
Blog posted by Cory Kline, AMP
Views (6275)
1. How long have you been in the business? (Ideally, at least two to five years) 15 years
2. How many lenders does your team have “top-tier status” with? (Preferably six to seven or more)10+
3. Is the rate you’re quoting me the lowest rate for... [ read more ]