Nothing like a record low mortgage rate to start the week! 5 Year Fixed has dropped AGAIN – this time to 2.88 per cent! Following last week’s vertigo-inducing activity, looks like we’re in for more record lows. But how long will they last?
In June, 41.8% of Canadian mortgage seekers were leaning towards 5 year fixed rates, according to RatePulse, a new monthly digest offered by RateSupermarket.ca, Canada’s independent rate comparison site. That number is likely to jump even further now that record lows were seen this week for the 5 year fixed rate, at 2.94%.
This rate is worth it’s own blog post! Currently on RateSupermarket.ca you can get a 5 year fixed mortgage rate for only 2.99%. Yes you heard right, 2.99%! The offer is only available to Ontario residents and comes with a 21 day rate hold. It also allows for 20% annual lump sum payments and a 20% increase on your monthly payments – two features that allow you pay off your mortgage faster and save loads on interest.
Last week I was asked to do an interview for CBC the National to talk about the US Debt Crisis and how it is affecting the Canadian economy. It’s a well-known fact that the Canadian economy is closely tied to that of the US. Plus we’re already starting to feel the pinch here – higher …
When I first started RateSupermarket.ca my vision for the Canadian consumer was for them to have the ability to leverage the internet to be able to compare rates for financial products in one place. At it’s core, we’ve been able to provide Canadians with transparent, unbiased information, giving the consumer the ability to make an informed decision.
After 2 and a half years of providing Canadian consumers with the savings they deserve through our easy to use online comparison tools, we thought it was time for a refresh.
CBC The National’s lead story last night was on the Bank of Canada’s rate increase and how the banks are getting more aggressive with their rates as all mortgage lenders are chasing fewer and fewer mortgage customers. The CBC’s Havard Gould came in to meet with RateSupermarket.ca and discuss how this is impacting Canadian consumers. …
After last week’s Bank of Canada interest rate increase, RateSupermarket.ca appeared on the CBC evening news to discuss how this will impact mortgage rates. You can view the video above.
RateSupermarket.ca’s President, Kelvin Mangaroo, was asked to have a chat with Jacqueline Milczarek, Anchor, CTV News Today and CTV News Weekend, about the Bank of Canada’s upcoming expected interest rate hike and how that will affect mortgage rates.
We are pleased to announce that RateSupermarket.ca has been nominated by the prestigious 2009 Canadian Mortgage Professional (CMP) awards as the Best Mortgage Industry Service Provider. The nominees for this event, which is put on by the premier mortgage broker trade magazine, are elected by the mortgage professionals in the industry, and the winners will …