Mortgage Rate Update – Possible Delay In Increase
Variable Rate Mortgages – Bank Prime Rate For some time now we have been hearing that we should expect the Bank of Canada and therefore Bank’s Prime rate to start rising around July of this year, 2010. However, recently in the new there has been suggestion that raising rates at this time could be a [...]
Have a Variable Rate Mortgage? Should You Be Following Fixed Rates?
Have a Variable Rate Mortgage? Should You Be Following Fixed Rates? People who choose a variable rate mortgage should be comfortable with some amount of fluctuation in their payment over time as banks will adjust their prime rate from time to time.Variable rate mortgages have been identified as offering costs savings over five-year fixed mortgages [...]
Fixed Mortgages Rates Have Risen Slightly, What About The Variable Rate?
Fixed Mortgages Rates Have Risen Slightly, What About Variable Rate Mortgages? This week we saw fixed mortgage rates increase slightly with the increase in bond yields to maintain spreads. We are still not far off record lows however, so not too much should be made of this increase I believe, yet. This can be a [...]
Fixed Mortgage Rates On The Rise
Fixed Mortgage Rates On The Rise Now is a good time to see how Bank’s prime rate (i.e. variable mortgage rate) and fixed mortgage rates are not linked to one another. Prime has remained at its current level for several months now and will likely remain unchanged later this month at the next meeting of [...]
Variable Mortgages Rates Have Been Coming Down But Could Prime be Going Up?
Variable Rate Mortgages Have Been Coming Down But Could Prime be Going Up? Up to now we have been hearing and been told that the Bank of Canada would likely keep the overnight lending rate and therefore likely bank’s prime rate, unchanged through to June of 2010. The pricing of a variable rate mortgage has [...]