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?
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.
It has been a busy week indeed for five year fixed mortgage rates! As of press time, the lowest rate in Canada is 2.65%! Offered in Ontario, this is a full featured mortgage with flexible prepayment options. What could you save with a record breaking rate like this one? Read on to find out!
The Bank of Canada announced today that the Overnight Lending Rate would remain at 1%, once again – and that an increase isn’t expected any time soon.
Housing prices continue to fluctuate into the new year as the market continues to adapt to strict mortgage affordability rules. While marginal growth was seen nationwide in January, does it signal the coming of a spring market heat up?
The groundhog recently predicted an early spring, and so it is for homebuyers looking for advantageous mortgage rates this month.