History Making Canadian Interest Rates
Economic News / Mortgage News / Mortgages

History Making Canadian Interest Rates

For a while now we’ve been reading headlines about how interest rates are at “historic lows.” Which is great news for anyone with a variable-rate mortgage, line of credit debt, or who is looking to negotiate for things like car loans or fixed-rate mortgages. But what’s the other extreme? How high have – and could – interest rates go, and what would it mean to your savings if they did?
Continue reading »

What are the Banks’ Posted Rates for?

What are the Banks’ Posted Rates for?

Only the most naïve customer would pay the “posted” rate for their mortgage. (You didn’t pay the posted rate…did you?!?). Whether you use a third-party mortgage broker, or simply walked into your nearest bank branch and spoke with their mortgage specialist, you almost certainly were offered a discount off the posted rate. So why do financial institutions bother having these rates? Continue reading »