Tag Archives: mortgage rate increase

How Rising Interest Rates Affect Buyers and Sellers

How Rising Interest Rates Affect Buyers & Sellers

The last 60 days have been a roller coaster ride for fixed mortgage rates. We have seen anywhere from a 60 – 80 basis point jump (0.6 – 0.8%) on the most popular 5 year fixed mortgage products offered today. Here is how you are affected as a home buyer or seller in today’s changing market. Continue reading

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Mortgage Rates on the Rise in Canada

Mortgage Rates on the Rise in Canada

As per last week’s announcements, mortgage rates are on the rise in Canada. Scott Bollinger and Randall Weese of ComFree Commonsense Network brokerage in Alberta and Ontario talk to us about what this means for Canadian home buyers and sellers. Continue reading

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Super Low Interest Rates Coming to an End

Super Low Interest Rates Coming to an End

The low interest rate party that Canadians have been enjoying is coming to an end, say some economists and Canada mortgage brokers. It’s not all bad news – rates are expected to stay below 5% for the rest of the year and we’ve enjoyed a long run of 5 years at low interest rates. No one knows how high the rates will go after such a long break, but the cost of money can’t stay low forever, can it? Continue reading

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Canada mortgage amortization period goes from 30 to 25 years

Mortgages: The Maximum Amortization Period From 30 to 25 Years

The maximum amortization period for a mortgage has been changed from 30 to 25 years, the Minister of Finance Jim Flaherty recently announced. How is that affecting you? Continue reading

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New 2012 mortgage rules for Canada

New 2012 Mortgage Rules for Canada

Finance Minister Jim Flaherty is going to announce new 2012 mortgage rules for Canada that will essentially make it harder for Canadians who have limited savings to get the loans they need to buy homes. Continue reading

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The Fine Print of Your Mortgage Contract

If you want to ensure that you get the right mortgage contract, make sure you read the fine print before you sign off on anything. Continue reading

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9 Mortgage Mistakes to Avoid

Too often, some easily avoidable mortgage mistakes lead to sticky situations, so make sure you have all your angles covered with these tips. Continue reading

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Canada Home Prices Increased in June 2011

Home prices in Canada continued to rise in June 2011, despite economists’ predictions of a cool down in real estate costs. Continue reading

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