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Category Archives: Bank rates
Banks Have Canceled their 4-year Promos – Rates on the rise.
Still time to get a rate hold at the old rates if you hop to it. The banks 2.99% four-year fixed promotions were intended to last until February 29. RBC and others have cancelled them early. The nation’s banks rates … Continue reading
CIBC Being Sued: Unfair payout penatly calculations continue
This is interesting. We have always thought that the way they do their math was odd or different or something. Another reason to use a good Calgary broker that has other options than the Big 6 banks that continue to … Continue reading
Posted in bank, Bank rates, Uncategorized
Tagged Calgary mortgage broker, canada interest rates, canadian mortgage
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Rates, spreads and all the rest
This is an article that was sent to me. It is totally technical and I love it. This is the real reason behind what are the lowest rates we have ever seen. It also explains why the days of Prime … Continue reading
How do we (mortgage brokers) know rates are going up?
Hi All – many people ask how we know that rates are going to change ahead of time. Below is a sample of the data that we read on a daily basis. If you were motivated enough to read things … Continue reading
The Bank of Canada’s changing language
I love this data below as it is easily summarized into: World events mean that mortgage rates in Canada are going to stay low for about another year. This is great news for people in the variable as rates (Prime) … Continue reading
A 180 Degree Change in Mortgage Rate Expectations
This last blip in the stock market has taken the wind out of the world’s recovery sails. It now looks like rates are going to stay the same or go DOWN!?! for the 12 months or so. The USA has … Continue reading
Posted in Bank rates, economy, new home owner, real estate
Tagged bank of Canada, Calgary mortgage broker, canadian mortgage, home affordability, interest rates, Mark Herman, mortgage broker, mortgage economics, mortgage rates, rate decrease, rate increase, real estate, variable rate mortgage
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Analysis: Canada rates seen lower for longer; cuts unlikely
This is good news for people in variable rates AND fixed rates. It all means that mortgage rates are going to stay low for longer than expected. Prime will stay lower longer partly because the US has for the 1st … Continue reading
Teetering on the edge of a rate hike – not all bad news
This article below is good news for everyone with a variable rate – as it looks like they will not go up that fast. The data below is the most accurate with out any hype that I have seen is … Continue reading
