Bank 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.
Read moreLow Rates on Construction Loans and New Mortgages Aid Economic Growth
Continuing low interest rates on construction loans and new home mortgages which are likely to continue well into 2011, are amongst factors boosting economic growth; while stable new home prices are signs of a recovering housing market.
Read moreTD Bank is Moving Towards a Collateral-Charge Mortgage
A look at the TD Bank switching towards collateral-charge mortgage and a few of the associated positives and negatives for customers.
Read moreInvesting Through a HELOC to Make Your Mortgage Tax-Deductible
CMI Mortgage News reviews the strategy of structuring a home equity line of credit (HELOC) to effectively make your mortgage tax-deductible while building a conservative investment portfolio.
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