Home Mortgages, Second Mortgages etc., Likely to Remain Near Historic Lows
Home mortgage products (first and second mortgages etc.) are likely to remain below historic norms well into 2011, as analysts forecast a halt in further Bank of Canada rate hikes until some time next year.
Read moreThe Basic Mortgage Terminology
A few common terms used by mortgage brokers that should be known and understood by customers.
Read moreForecasts of Pause in Rate Hikes, Mean Continuing Low Mortgage Rates
Comments by Bank of Canada Governor, Mark Carney, have economists forecasting that further interest rate hikes are on hold, which is positive news for home mortgage rates.
Read moreMortgage Rates Below Historic Norms, as Housing Markets Rebound
Mortgage rates remain well below historic norms, as “Canada’s residential real estate markets are set to return to more normal levels of activity.”
Read moreCanadian Headlines of “Dismal Housing Prospects” Not Supported by IMF Report
Despite dire headlines, the IMF classifies Canada as one of the few “rebound economies” in which mortgage and real estate markets have avoided the steep declines in so-called “bust economies” including the U.S. and Great Britain.
Read moreFurther Tightening of Canada’s Mortgage Rules Possible, Financial Post Reports
Speculation that further tightening of Canadian mortgage rules may be in the offing, sparks analysts to warn of the impact such changes could have on housing markets.
Read moreOpportunity to Refinance Home Mortgage at Low Rates
Homeowners have a window of opportunity to refinance existing home mortgages, as analysts forecast that the Bank of Canada is likely to pause in its regimen of rate increases.
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