Tagfixed rate mortgages

A Rate War on Canada Day?

I’ve never seen more competition with mortgage rates in my 30-year career than I have in the first five months of 2019!

Rates are under 3%!

On May 10th, a new jobs report was released by the federal government showing 106,000 new jobs created in the month of April. This blew away all expectations. And, the reaction was immediate, including higher mortgages being imminent and a bull stock market on the horizon… and yet, this didn’t happen. Continue reading “A Rate War on Canada Day?”

Posted May 10, 2019 Interest rates

It’s war. Mortgage Rate Wars. You could win with Big Rate Cuts!

We’ve seen mortgage rates drop steadily over the past three months. At the beginning of this year, we saw fixed rates approaching 4%. And, today, we’re seeing them sit around 3%.

WARNING: These rate wars could come to an end as recent employment figures skyrocketed all estimates… stay tuned!

This is like the perfect storm. Fewer mortgage transactions across Canada + Declining investor confidence + Inverted bond yield curve. Put it all together and you get a rate war. And for a refreshing change, consumers aren’t the victims. The banks are settling for a smaller profit margin.

Continue reading “It’s war. Mortgage Rate Wars. You could win with Big Rate Cuts!”

Posted May 7, 2019 Money saving tips

Top 3 Things Homebuyers Need to Know this Spring

With warmer weather comes a renewed energy and hope for the coming months. It’s also the official start of the Spring housing market.

Are you considering buying a home? If so, here are a few things you should know before you head out house hunting.

Continue reading “Top 3 Things Homebuyers Need to Know this Spring”

Posted March 19, 2019 Bank News

Mortgage Rates have Dropped and Will Fall Further

Rate forecasting isn’t rocket science – it’s more common sense than you think! But, it requires a clear mind to make sense of all the rubbish that’s being published these days.

I’ve been forecasting for a while now that interest rates would start to come back down this year. Currently, interest rates are down by around 0.4% and will come down further.

WHY ARE RATES FALLING? Continue reading “Mortgage Rates have Dropped and Will Fall Further”

Posted July 31, 20181 Comment Money saving tips

Looking to boost Cash Flow? New Flexible Mortgage could be a game-changer!

There’s a great new flexible interest-only mortgage product that could prove beneficial for a number of borrowers, including first-timers, real estate investors, professionals, seasonal workers and others looking for lower monthly mortgage payments.