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Tag Archives: interest rate
The fine folk at Canadian Mortgage Trends explore The Intricacies of Mortgage Pre-Approvals.
The Bank of Canada maintains rate, at 1%. This leaves our prime rate at 3% where it has been since September 2010.
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
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.
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
Bank of Canada signals rates to remain on hold even longer.
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