September 12th, 2014 Mortgage Industry Update Interest rates remain steady with major lenders. Often we see a domino effect when it comes to lenders changing rates as they feel the need to remain competitive in the mortgage market. As this effect was observed through the month of August, interest rates for the month of September […]
September 2014 Industry Stats The Canadian Association of Accredited Mortgage Professionals (CAAMP) released their new set of statistics on September 9th, 2014. The major statistics are summarized as follows: Bank of Canada interest rate remains at 1% Prime lending rate remains at 3% The 5Y variable qualifying rate remains at 4.79% The Government of Canada […]
September 4th, 2014 Mortgage Industry Update Interest rates remain steady with major lenders. Often we see a domino effect when it comes to lenders changing rates as they feel the need to remain competitive in the mortgage market. As this effect was observed through the month of August, interest rates for the month of September […]
August 28th, 2014 Mortgage Industry Update Interest rates slightly decreased with a major lender. Promotional rates for 5 year fixed products slightly declined for a limited time. Often we see a domino effect when it comes to lenders changing rates as they feel the need to remain competitive in the mortgage market. As this effect […]
August 21st, 2014 Mortgage Industry Update Interest rates slightly decreased with a few major lenders. Promotional rates for 2 year, 3 year, and 5 year fixed products slightly declined for a limited time. Often we see a domino effect when it comes to lenders changing rates as they feel the need to remain competitive in […]
August 15th, 2014 Mortgage Industry Update Interest rates slightly decreased with a major lender as promotional rates declined from 2.99% (5Y fixed) to 2.89%. Often we see a domino effect when it comes to lenders changing rates as they feel the need to remain competitive in the mortgage market. This may serve as a reason […]
August 2014 Industry Stats The Canadian Association of Accredited Mortgage Professionals (CAAMP) released their new set of statistics on August 8th, 2014. The major statistics are summarized as follows: Bank of Canada interest rate remains at 1% Prime lending rate remains at 3% The 5Y variable qualifying rate remains at 4.79% The Government of Canada […]
August 7th, 2014 Mortgage Industry Update Interest rates slightly decreased with a few major lenders as promotional rates declined from 2.99% (5Y fixed) to 2.94%. Often we see a domino effect when it comes to lenders changing rates as they feel the need to remain competitive in the mortgage market. This may serve as a […]
July 31st, 2014 Mortgage Industry Update Firstly, I’d like to start off this week’s update with some inquires I had regarding financing purchases in America. Since it was a common concern this week from a few of my partners, I’d like to address it as a whole as I feel many people would be able […]
July 24th, 2014 Mortgage Industry Update Interest rates this week remained the same. No major changes were observed and interest rates are likely to remain stable for the month of July. Additionally this week: Some major lenders reduced their lending criteria slightly, allowing a easier borrowing process Royal Lepage reported that a limited supply of […]