Lowest rate assumed. What I do not assume is …
Lowest mortgage rate assumed. What I do not assume about my clients is … I am often asked “what is the lowest rate you have available”? This is a difficult question to answer while ensuring you are also truly helping your client, without knowing more information. It is important to know what your client’s needs [...]
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 [...]
Variable Mortgage Rate, Prime Rate, Unchanged
Variable Mortgage Rate, Prime Rate, Unchanged The Bank of Canada announced this morning that it has left the target for the overnight rate unchanged from its current level. This means that banks will most likely also leave their prime rate at its current level of 2.25%. Further to this the Bank of Canada re-confirmed its [...]
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 [...]