RBC lowered several of its fixed mortgage rate offerings over the weekend by 10 basis points each. What economic factors have contributed to the rate drop, and could it mean a better deal on your own mortgage rate?
CREA’s latest housing data update indicates the Fall market may have been driven by customers possessing a low rate hold.
Fixed mortgage rates will lower slightly in November, while variable rates will remain unchanged for the long term, according to the RateSupermarket panel.
Mortgages Spotlight: Speculation abounds that the Bank of Canada would have cut its interest rate in last week’s announcement rather than just their rate bias, if it hadn’t been for household debt fears. Fears also arise that prolonged low rates will prompt Finance Minister Flaherty to impose new mortgage rules, but he says he won’t interfere in the market – for now.
Mortgages Spotlight: The Bank of Canada removed its rising rate bias from the recent announcement. Does this signal longer stability for variable rates?
Consumers may soon benefit from better credit card options as banks shift their focus from mortgage lending as a main profit source.
Six months into making the home ownership leap, two first timers share their experiences so far – the ups, the downs, and the expensive!
RBC is the latest lender to hike their fixed mortgage rates by 20 to 30 basis points for both posted and discount offerings. Why are mortgage rates on the rise? Read on for a breakdown of factors affecting the market.
National sales activity remains strong despite rising mortgage rates and new CMHC mortgage funding restrictions. BC hits a new record for sales, indicating it is recovering from last summer’s market softening changes, and economic factors look to improve in 2014, along with variable mortgages rates.
RBC and Scotiabank are the next lenders to introduce a fixed mortgage rate increase, as both banks plan to hike rates early next week.