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mortgage options: Random Thoughts ... Canadian Mortgages and Rates... Fact or Fiction - 08/18/10 11:00 AM
Random Thoughts ... Canadian Mortgages and  Rates... Fact or Fiction
Fact or Fiction ... Mortgages rates have exceeded 20% in the past
Fact or Fiction ... Mortgages rates today are at or near the lowest they have been in over 40 years.
Fact or Fiction ... Variable Rate Mortgages are the most popular.
With all you hear in the press about mortgage rates combined with the fact that 60% of Homeowners have or require a mortgage I felt a little historical perspective was appropriate.
Sometimes

Clients constantly ask me how the rising interest rates will effect the sale of their home
(4 comments)

mortgage options: Are Mortgage Rates On The Rise? - 10/13/09 03:41 PM
Are Mortgage Rates On The Rise?
Less than a week ago I mentioned a report in which 2 TD economists felt that Mortgage rates could rise soon. Tomorrow TD is increasing some Mortgage rates. With rising rates now may well be a very good time to examine your mortgage options and the effect of Floating Rate VS Fixed Rate Mortgages on your mortgage payments.  Examine the effect rising rates may have on your comfort level or your ability to pay.
According to an article put out today by Canwest News Service (October 12, 2009) they just might well be. While rates remain unchanged for some mortgages … (14 comments)

mortgage options: Hints Of Rising Interest Rates - Floating Rate VS Fixed Rate Mortgages - 10/06/09 01:45 PM
Hints Of Rising Interest rates
Is now the best time to lock in your mortgage? Before jumping in with both feet one should look at, and compare, the effect an increase will have on your comfort level or your ability to pay. Locking in now will ensure your rate for a given period of time but it will be higher than your current floating rate resulting in an immediate increase in your mortgage payments.
While mortgage rates are at historicaly low levels two TD economists feel that Mortgage rates may soon rise if the real estate market does not cool off. August home sales were … (10 comments)

 
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Kathy Clulow ASP® SRES® Uxbridge Ontario Real Estate

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