lowest mortgage rates: Is it too late to refinance your mortgage?
- 07/13/09 01:56 PM
"The days of ridiculously cheap mortgage rates appear to be over. Now they're just cheap. A sudden and dramatic jump in rates from Wednesday to Thursday means Canadians looking to break their existing mortgage and refinance at a lower rate may have missed the sweetest spot in recent history. But that doesn't mean people can't still trim their payments. "We are not going to see these rates again for a while, not in the immediate horizon and maybe never," says Gary Siegle, a Calgary-based manager at mortgage broker Invis. "But rates are still at historical lows. Depending on what your penalties … (0 comments)
lowest mortgage rates: First-Time Home Buyers' (FTHB) Tax Credit and the Home Buyers' Plan (HBP)
- 07/13/09 01:35 PM
Buying your first home is one of the largest investments of your life. Canada's Economic Action Plan introduces the First-Time Home Buyers'(FTHB) Tax Credit and the expansion of the Home Buyers' Plan (HBP) to provide you with additional benefits and help you realize your dream of homeownership. First-Time Home Buyers' (FTHB) Tax Credit The costs associated with purchasing a home, such as legal fees, disbursements and land transfer taxes, can be a particular burden for first-time homebuyers who must pay these costs, as well as save money for a down payment. To assist first-time homebuyers with the costs associated with the … (0 comments)
lowest mortgage rates: Bank of Canada’s half-point cut becomes a quarter-point cut for borrowers
- 10/09/08 04:53 PM
Canada’s central bank moved Wednesday to cut short-term interest rates by half a percentage point, but Canadian banks are cutting rates only half that much. Royal Bank of Canada, Bank of Nova Scotia, Bank of Montreal, Canadian Imperial Bank of Commerce and TD Canada Trust said they will trim their prime lending rates by 25 basis points — meaning a quarter of a percentage point — effective Thursday. The prime lending rate is what banks charge credit-worthy business customers on short-term loans. Other interest rates, including certain mortgage rates, may be linked to the prime rate but set several points higher. … (0 comments)
lowest mortgage rates: Canadian banks ranked soundest in the world
- 10/09/08 04:49 PM
Canada has the world’s soundest banking system, closely followed by Sweden, Luxembourg and Australia, a survey by the World Economic Forum has found as a financial crisis and bank failures shake world markets. Britain, which once ranked in the top five, has slipped to 44th place behind El Salvador and Peru, after its government pledged the equivalent of $97 billion Cdn this week to bolster bank balance sheets. The United States, where some of Wall Street’s biggest financial names have collapsed in recent weeks, rated only 40th, just behind Germany, at 39th, and smaller states such as Barbados, Estonia and … (0 comments)
"The days of ridiculously cheap mortgage rates appear to be over. Now they're just cheap.
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