Best Mortgage Rates Hamilton
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Best Variable Closed Mortgage Rates
| Company | Rate | Term | Offers & details | Get details |
|---|---|---|---|---|
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3.00% | 1 Year | CASH BACK with our Discount Real Estate Commission program | Get Rate |
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2.80% | 3 Years | Get Rate | |
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2.90% | 5 Years | Get Rate | |
Rates updated February 3, 2012 09:30:38 | ||||
Best Variable Open Mortgage Rates
| Company | Rate | Term | Offers & details | Get details |
|---|---|---|---|---|
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4.00% | 3 Years | Get Rate | |
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3.75% | 5 Years | Get Rate | |
Rates updated February 3, 2012 09:30:38 | ||||
Best Fixed Closed Mortgage Rates
| Company | Rate | Term | Offers & details | Get details |
|---|---|---|---|---|
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4.40% | 6 Month | Get Rate | |
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2.49% | 1 Year | Ranked #1 broker in Ontario!!!! Offered by Chartered Bank | Get Rate |
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2.59% | 2 Years | Refinance and Purchases. High Ratio only. | Get Rate |
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2.79% | 3 Years | Refinance and Purchases. High Ratio only. | Get Rate |
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2.89% | 4 Years | Refinance and Purchases. High Ratio only. | Get Rate |
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3.19% | 5 Years | Get Rate | |
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3.77% | 6 Years | Get Rate | |
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3.79% | 7 Years | Get Rate | |
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4.12% | 8 Years | Get Rate | |
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4.21% | 9 Years | Get Rate | |
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3.79% | 10 Years | Get Rate | |
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8.35% | 25 Years | Get Rate | |
Rates updated February 3, 2012 09:30:38 | ||||
Best Fixed Open Mortgage Rates
| Company | Rate | Term | Offers & details | Get details |
|---|---|---|---|---|
|
|
6.20% | 6 Month | Get Rate | |
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6.30% | 1 Year | Get Rate | |
Rates updated February 3, 2012 09:30:38 | ||||
More About Hamilton
- Population: 739,400 (Stats Canada 2009)
- Unemployment rate 8% in 2010 and forecast to be lower in 2011.
- Job growth expected to be supported by health and energy sectors.
- Higher wages are forecast for 2010.
- Migration will be the primary source of increase in population in 2011.
Hamilton Mortgage Rates Will Slowly increase in 2010
The CMHC best case scenario, expect mortgage rates will continue to slowly increase in 2010 with a one year mortgage rate to be in the 3.6 to 4.8% range and the three and five year mortgage rates to be in the 4.2 to 6.7% range. In 2011, CMHC forecasts that the one year mortgage rate will be in the range of 5.0 to 6.0% whereas, the three and five year mortgage rate will be in the range of 5.6 to 7.2%. However, if the economy recovers at a faster rate than expected, mortgage rates may increase at a more rapid rate.
Hamilton 2010 Housing Outlook
The CMHC believes that MLS sales will reach 13,600 units in 2010 and starts reaching 3,000 units. New listing will increase by 4% with over 18,000 in 2010. However, the listing growth is expected to slow in 2011. Home prices are expected to rise 8% to $315,000 in 2010 and a 3% increase is forecast for 2011.
CMHC Hamilton housing market & Hamilton mortgage rate forecast
| Census Metropolitan Area | Total Housing Starts |
MLS sales | MLS average price |
Mortgage rates (1 year) |
Mortgage rates (5 year) |
|---|---|---|---|---|---|
| 2009 | 1,860 | 12,680 | $290,946 | - | - |
| 2010 (F) | 2,925 | 13,600 | $315,000 | 3.60-4.80% | 4.20-6.70% |
| 2011 (F) | 2,625 | 12,600 | $324,000 | 5.00-6.00% | 5.60-7.20% |
Source = CMHC | |||||