Canada's Mortgage Rates are going up tomorrow.

By
Real Estate Agent with Discover Real Estate Ltd.

Impending Mortgage Rate Increase

There are a few indicators we watch that signal when mortgage interest rates may start going up. You can secure a 4 month rate-hold now so you can shop with confidence as you will know what your payments will be when you move in. If the rates go down then you still get the lower rate. How great is that?!

Strategy For Re-Mortgaging / Debt Consolidation

If you have an existing mortgage at a rate more than 4.5% then there is an excellent strategy to take advantage of these coming rate increases that will save your money on your payout fee and get you the last of these rates before they increase for good. Please contact us to discuss.

Canadian Mortgage Bonds

A mysterious number called "the spread" that banks use to price mortgages is at 1.09.

Currently lenders are looking for a spread between 1.35 and 1.55. To increase profitability and get the spread back to

the middle of the comfort zone (1.45 from 1.28) they will increase the rates to keep shareholders happy.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community

Spam prevention
Show All Comments
Ambassador
896,340
Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

Peter....wow....I know that we have issues, but I guess we're not the only ones!

Apr 05, 2011 04:16 AM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
23,018

Peter Chapman

35% Referral Fee! 403-831-1242
Ask me a question
*
*
*
*