Blog posted by Cory Kline, AMP
Views (7348)
Interesting short video from Globe and Mail called...Living in a fool’s paradise of low interest rates.
Click here for the Globe and Mail video. Rob Carrick takes a look at what Canadians can expect with short-term and long-term mortgage rates.
... [ read more ]
Blog posted by Cory Kline, AMP
Views (6053)
The bond market was uneventful this past week. Rates continue to remain extremely low. Five year money is still in the 2.99%-3.19% range.
Keep in mind we still have 2 lenders offering 10 year funds at 3.89%. A wonderful option for those concerned with future... [ read more ]
Blog posted by Cory Kline, AMP
Views (7422)
The Federal Government announced this morning four new clampdowns on insured mortgages that will quickly come into effect on Monday, July 9th, 2012.
These changes include:
Reducing the maximum amortization period to 25 years from 30 years
Reducing... [ read more ]
Blog posted by Cory Kline, AMP
Views (6672)
On Tuesday, the Bank of Canada announced "no changes" with Bank Prime remaining at 3%
Continued European uncertainty lead the bond rate to a new low for 2012. Most of of our lenders have followed the market and we have seen a downward adjustment in... [ read more ]
Blog posted by Cory Kline, AMP
Views (7229)
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.
Fixed rates remain at records lows. We currently have five year money ranging from the... [ read more ]
Blog posted by Cory Kline, AMP
Views (7055)
Canada’s mortgage brokers are warning the banking regulator that its proposed mortgage underwriting rules could result in people losing their homes.
The brokers are concerned about a number of the potential rules, but the one that worries them most... [ read more ]
Blog posted by Cory Kline, AMP
Views (6415)
An influential international body is urging Canada’s central bank to raise interest rates in the fall, and continue doing so through 2013 to cool housing prices and contain inflation.
The Paris-based Organization for Economic Co-operation and... [ read more ]
Blog posted by Cory Kline, AMP
Views (6818)
With instability of the current European elections, we have seen the bond rate drop slightly. With so much European uncertainty there is potential to see the bond rate stay in this lower range.
The low bond rate creates our low interest market.
Keep in mind... [ read more ]
Blog posted by Cory Kline, AMP
Views (6918)
• With the Bank of Canada recently signalling that interest rates may rise sooner than many were anticipating, the question becomes how well-prepared Canadians are for higher rates?
• Over the medium-term, interest rates will likely rise at... [ read more ]
Blog posted by Cory Kline, AMP
Views (6992)
Just released...CMHC's Housing Market review for Barrie, if your interested in reading the full review please click on the link: CMHC Barrie Housing Market Review
Today's Mortgage Rates at Neighbourhood DLC...
3 year fixed: 2.99%
5 year fixed: 3.19%-3.59%
10... [ read more ]
Blog posted by Cory Kline, AMP
Views (7119)
Market Comment...
The past week has been uneventful in terms of interest rate movement. The bonds remained fairly steady with last Wednesday still being the high for 2012.
Keep in mind we still have 2 lenders offering 10 year funds at 3.89%. A wonderful option... [ read more ]
Blog posted by Cory Kline, AMP
Views (6982)
While most Canadians spend a lot of time and effort in shopping for an initial mortgage, the same is generally not the case when looking at mortgage term renewals. Omitting proper consideration at the time of renewal costs Canadians thousands of extra dollars... [ read more ]
Blog posted by Cory Kline, AMP
Views (6895)
The 10-year fixed-rate mortgage has generated renewed interest lately as borrowers look to lock in for the long term and enjoy the security and peace of mind this brings.
With mortgage rates at all-time lows, it turns out that fashion isn’t the only thing... [ read more ]
Blog posted by Cory Kline, AMP
Views (6074)
Mortgage rates remained unchanged over the past week. The bond rate has been creeping up and hit a new high for 2012. There has been a great deal of news in the different media's recently, about the potential for higher rates during 2012.
Last Friday at a... [ read more ]
Blog posted by Cory Kline, AMP
Views (5976)
As expected there was no change in the Bank of Canada this past week. They certainly set the stage for some possible increases in the future.
The bond rate remained flat the past 7 days, therefore no changes in the fixed term mortgage rates.
We still have 2... [ read more ]