Mortgage Rate Hikes – Era of Rock Bottom Rates Coming to an End?
RBC and TD have announced interest rate hikes on fixed rate mortgages, with the new rate on a 5-year mortgage raised to 5.44%.
Read moreMajor Banks Hike Mortgage Rates on Fixed-Rate Mortgage Products
Fixed Rate Mortgage Products – Major Banks Raising Rates
Read more40% of Mortgages Negotiated through Mortgage Brokers
More and more Canadians are choosing mortgage brokers to negotiate their home purchase or debt consolidation.
Read moreLow Rates to Continue for Refinancing a Mortgage, Consolidating Debt
There is a clear window, running into 2011, for homeowners to take advantage of our current low interest rate environment for debt consolidation under a home equity line of credit, or to refinance an existing home mortgage on favourable terms.
Read moreCMHC Reports Stablizing Home Mortgage and Housing Markets into 2011
A new CMHC report shows Canadian home mortgage and housing markets stabilizing, with modest increases in housing prices, as we move into 2011.
Read morePrepayment Penalties Should be Better Explained to Borrowers
Standardization of mortgage penalties with lenders providing an accurate description of the penalty calculations is needed so that borrowers fully understand what they are getting into.
Read moreCanadian Housing Market to Remain Stable
Stable home prices and improving home resale volumes indicate that the Canadian housing market is poised for a stable time ahead.
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