Tag Archives: interest rate

What is a Mortgage Pre-Approval?

The fine folk at Canadian Mortgage Trends explore The Intricacies of Mortgage Pre-Approvals.

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Bank of Canada maintains overnight Rate

The Bank of Canada maintains rate, at 1%. This leaves our prime rate at 3% where it has been since September 2010.

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Bond yields up significantly, expect fixed rates to go up!

The 5 year bond yields are up over 30 basis points in May. Should they stay this high, one should expect fixed interest rates to rise as well. It may be prudent, should you be looking to make a purchase … Continue reading

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Scotia Total Equity Plan: Why We Chose Scotiabank’s STEP

Here’s an informative description of how Scotia’s HELOC or STEP (Scotia Total Equity Plan) works. Contact Charlotte Roach (780.215.4431) who is Scotia’s mobile mortgage specialist, for further details.

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Canada’s Bond Yield increasing – mortgage rates may increase as well

Historically, Bond Rates and Fixed Mortgage Rates have fluctuated in relation to each other.Canada’s Bond Rates have climbed in the past few days. As a result, some lenders are increasing their interest rates. Interest Rates are still at a historical … Continue reading

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Bank of Canada signals rates to remain on hold even longer

Bank of Canada signals rates to remain on hold even longer.

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Government controlling mortgage rates?

Finance Minister Jim Flaherty is coming under fire for using his position to pressure a private sector mortgage lender to raise its interest rates, an action that will increase borrowing costs for Canadians. Flaherty admitted to calling up BMO to … Continue reading

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More Canadians Adopt a Low Rate Mindset

Is it time to switch your Variable Rate Mortgage into a Fixed Rate Mortgage? Fewer people believe that rates could rise this year. In a study released by CIBC, 46% of Canadians believe today’s low rates will remain unchanged over … Continue reading

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