Bank of Canada Pauses, Home Mortgage Rates to Remain Low For Now
A pause in the Bank of Canada’s course of raising interest rates should ensure continuing low mortgage rates into 2011.
Read moreProfessor Wanzel Builds Affordable Housing in Halifax
Professor Wanzel is helping to restore Gottingen Street in Halifax by building affordable housing for families.
Read moreA Housing Dilemma and a Second Mortgage Option
This blog gives a scenario where a couple is faced with a decision about their house, and needing finances. A mortgage broker can help you to see your options and discuss whether a second mortgage is best, or if another route should be pursued.
Read moreBank of Canada, Home Mortgage Rates Likely to Remain Unchanged
Home mortgage rates will most likely remain near historic lows moving into 2011, as the Bank of Canada is likely to leave its market-setting overnight lending rate unchanged at its October rates meeting, tomorrow.
Read moreA Drop in Fixed Rates from Banks Means Mortgage Brokers Have to Be Prepared
Both TD Canada Trust and Bank of Montreal have decreased their five year fixed rates, which means independent mortgage brokers have to ensure they are still competitive.
Read moreWill Seven-Day-a-Week Retail Banking Compete with Online Mortgage Brokers?
While some major banks switch to seven-day-a-week branch services, ‘bricks and mortars’ retail banking is unlikely to compete on home mortgage rates offered by non-bank lenders through online mortgage brokers.
Read moreHomebuilders’ Economist Paints Positive Housing Picture; Hawkish on Rate Hikes
Canadian Homebuilders’ Association economist paints a “positive picture” for economy and housing markets into 2011, yet remains one of the few hawks forecasting further near-term increases in the Bank of Canada’s lending rate.
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