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Tag Archives: mortgage rate increase
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
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
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
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
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