Blog posted by Cory Kline, AMP
Views (7325)
The Bank of Canada rate remained unchanged yesterday. Highlights of the report are summarized below.
~Uncertainty around the global economic outlook has increased.
~European recession will be more pronounced than expected.
~Recent economic data suggests... [ read more ]
Blog posted by Cory Kline, AMP
Views (8627)
The bond rate stayed low and stable all week. Continued concerns over the European Debt situation (now Italy) has kept it extreme low. There have been a few minor rate drops this week. Five year mortgages can be obtained as low as 3.29% (some conditions... [ read more ]
Blog posted by Cory Kline, AMP
Views (7423)
(1 comments)
The Bank of Canada met today and saw no reason to move its key lending rate from 1.00%, where it has been for a little over a year.
That's precisely what the market anticipated and it means prime rate (which is the basis for variable mortgage rates) should remain... [ read more ]
Blog posted by Cory Kline, AMP
Views (12239)
Planning ahead to ensure your credit is healthy before applying for a mortgage can translate into better mortgage rates and products, which can save you significant money throughout the term of your mortgage.
Some tricks to improve your credit score...
* Keep... [ read more ]
Blog posted by Cory Kline, AMP
Views (10763)
(2 comments)
Unusually Uncertain Times
Last week I attended my annual conference with Neighbourhood Dominion Lending Centres and we had an outstanding array of industry experts for 2+ days. The summary below from Dr. Tal, of CIBC World Markets is a must read. I... [ read more ]
Blog posted by Cory Kline, AMP
Views (8880)
The bond rate again matched the low for the year, this past week. Pricing on variable rate mortgages has continued to change with discounts of prime less .4-.5% (2.50%-2.60%)becoming harder to obtain. There are no changes in the fixed rates, 5 year fixed... [ read more ]
Blog posted by Cory Kline, AMP
Views (7860)
With heightened concerns on possible defaults in Europe, Our bond hit a new low for 2011. So far we have not seen any lender's drop their fixed rates.
Fixed rates continue to be at record lows.
If you have a variable rate of any more than prime or prime + or a... [ read more ]
Blog posted by Cory Kline, AMP
Views (8543)
No change in the Bank of Canada rate today. This was largely expected.
They spoke of the following changes in their previous projections.
"Increase in the European sovereign debt crisis".
"The U.S. recession was deeper and recovery... [ read more ]
Blog posted by Cory Kline, AMP
Views (7931)
The bond rate tumbled to new lows this week. This is certainly the lowest we have seen in the last 20-30 years! The lender's have been cautious about lowering their fixed rates so far. We do expect to see them do so if the cost of funds continue at the current... [ read more ]
Blog posted by Cory Kline, AMP
Views (7752)
World markets continued to focus on the looming U.S. debt deadline. Bond prices continued to stay near lows for 2011. There were no changes in fixed or variable interest rates.
If you have a variable rate of any more than prime or prime + or a fixed rate of... [ read more ]
Blog posted by Cory Kline, AMP
Views (8090)
As was highly expected, the Bank of Canada (hereafter referred to as “the Bank”) held its benchmark overnight rate at 1.00% today; this rate has now been at this level since September 2010.
In staying put, the Bank concluded that while the... [ read more ]
Blog posted by Cory Kline, AMP
Views (8129)
As expected the Bank of Canada kept its overnight rate at the same level. They did however comment on the strong possibility of future rate increases based on global and Canadian inflationary pressures. These pressures are being largely driven by higher energy and... [ read more ]
Blog posted by Cory Kline, AMP
Views (8661)
The bond rate inched up the past week. There are no changes in short or long term rates. Concerns over the U.S. debt and the potential default in Greece are at the forefront of financial markets. This will likely keep the bond rates low in the short term.
... [ read more ]
Blog posted by Cory Kline, AMP
Views (8566)
The Bank of Canada kept its rate unchanged yesterday morning. Their wording speaks to overall economic growth, inflation issues as well as the overall global situation. It is a cautious forecast which certainly reflects what is happening out on the street. We... [ read more ]
Blog posted by Cory Kline, AMP
Views (10415)
"Mortgage shoppers are very happy with recent rate trends! The 5-year government yield (which leads 5 year fixed rates) made a new five-month low today.The spread between 5-year posted rates and the 5-year bond yields is now the most its been since... [ read more ]