Posts Tagged ‘mortgage’

Rising Bond Yields Pressuring Fixed Rates

Share The 5-year government yield (which leads 5-year fixed mortgage rates) pierced 2.80% today. It’s risen almost 35 basis points in two weeks. That’s squeezed gross lender margins on deeply-discounted five-year rates to near 1.00% (1.20% can be considered “normal”).  As a result, ultra-low fixed rates are in danger of ticking 10+ basis points higher, [...]

Debt Growth is Moderating, BOC Deputy Says

Share Higher mortgage rates and strictermortgage rules are starting to take effect, though Canadians’ debt levels are still too high for comfort. That was the message from Agathe Cote in her first public speech as a deputy Bank of Canada governor on Monday. Here’s a sampling of key points from her address yesterday in Kingston, Ontario: The [...]

Questions On Home Mortgage Refinancing

Share Are you now feeling the heavy financial burden on your shoulder? Getting a home is not that easy. Yes, your mortgage lender may have promised you an easy payment scheme several years ago but some problems twisted your fate. This leaves you with no choice but to come up with a solid solution on [...]

Getting the best refinance mortgage rates

Share Homeowners who want to refinance their mortgage naturally also want to get the lowest possible interest rate they can on their new loan. That’s because a lower refinance mortgage rate means a lower mortgage payment and potentially lower costs to refinance. It’s not always easy to capture the lowest refinance mortgage rate, and not every borrower is [...]

Mortgage Refinancing

Share Have interest rates fallen r do you expect them to go up? Has your credit score improved enough so that you might be eligible for a lower-rate mortgage? Would you like to switch into a different type of mortgage? The answers to these questions will influence your decision to refinance your mortgage. But before [...]

Pre-qualification vs. Pre-approval: Understanding the Difference

Share A borrower(s) can choose one of two techniques to get qualified when looking for a mortgage. One is a Pre-Qualification and the other is a Pre-Approval. These two terms are often misused and cause a lot of misrepresentation. Let’s see if we could understand the difference between the two. Pre-Qualification is a term meaning [...]