Posted on 16 December 2009. Tags: Adjustable, Guesswork, Mortgages, Rate, Taking
Next to critiquing the decorating taste of your home’s previous owner, playing the “adjustable mortgage game” may rank as one of the most popular (and least pleasant) pastimes of Canadian homebuyers.
Here’s how it works.
As you’re exploring your mortgage options, you review the long and steady slide of mortgage rates in Canada [...]
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Posted in Canadian Mortgage Rates
Posted on 10 December 2009. Tags: Adjustable, Mortgage, Perks, Pick, Rate, Right
These are heavy days for Canadian homeowners. If you’ve been in your home even a few years, you’ve probably already enjoyed a modest climb in the value of your home. Even if you don’t intend to sell, it’s good to know that your real estate investment is doing well. But we’re also enjoying an environment [...]
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Posted in Canadian Mortgage Rates
Posted on 09 December 2009. Tags: Canada, Help, Lowest, Mortgage, Need, Rate
In order for Canadians to continually qualify for the lowest possible Canada mortgage rates, the Canadian government had ordered the financial institutions, lenders, and banks, to slash their interest rates to a low level. At this time, the Bank of Canada has set its prime rate at 0.25 %, and it will keep the rate [...]
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Posted in Canadian Mortgage Rates
Posted on 09 December 2009. Tags: 2008, Forecast, Housing, Mortgage, Rate, Toronto
The Canadian Mortgage and Housing Corporation (CMHC) has reported in their latest Great Toronto Housing Association Market Outlook that posted mortgage rates eased by about 50 basis points in the first four months of this year, although rates in late April were 30 to 35 basis points higher than they were 12 months prior. Mortgage [...]
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Posted in Canadian Mortgage Rates