Posts tagged ‘mortgage advice’
Monday Morning Interest Rate Update for September 14, 2020
Last week the Bank of Canada confirmed that ultra-low rates are going to be around for the foreseeable future. Today’s post explains.
Monday Morning Interest Rate Update for August 31, 2020
There are starkly opposing views on whether we will soon have too much inflation or not enough. Today’s post summarizes both arguments and offers my take.
Monday Morning Interest Rate Update for August 24, 2020
The mortgage stress test hasn’t won any popularity contests thus far but appreciation for it may grow in the years ahead.
Monday Morning Interest Rate Update for August 17, 2020
In this week’s post I want to focus on a strange and controversial letter that CMHC’s outgoing President Evan Siddall sent to 100 lenders last week.
Monday Morning Interest Rate Update for July 13, 2020
Today’s post explains why our recent record employment growth hasn’t impacted our mortgage rates and likely won’t for some time yet.
Monday Morning Interest Rate Update for July 6, 2020
Today’s post offers links to posts and calculators that will benefit anyone who is actively looking to purchase a home.
Monday Morning Interest Rate Update for April 13, 2020
Last week we learned that our economy lost more than 1 million jobs in March. As the significant economic impacts of the lockdown begin to take form, now seems like a good time to speculate on how lenders will adapt their mortgage lending policies to the new reality.
Monday Morning Interest Rate Update for April 6, 2020
If you need a mortgage now and you don’t already have a commitment in place, a variable rate seems like the clear choice. Today’s post explains why.
Monday Morning Interest Rate Update for March 23, 2020
Canadian mortgage rates surged higher last week, which surprised borrowers. In today’s post I explain why that happened and offer advice to four different groups of borrowers on how to navigate through the COVID-19 crisis.
Last Updated on July 9th, 2020
Here is a New Year’s resolution that will dramatically improve your financial fitness.
Last Updated on February 27th, 2020
Independent mortgage brokers don’t just save you money, they give you access to a range of options you probably didn’t even know you had. Today’s post explains.
Last Updated on December 14th, 2018
Conservative borrowers who prefer fixed rates almost always choose a five-year term. In today’s environment, I think there’s a much better deal to be had, even if no one is talking about it. In today’s post, I make my case.
Last Updated on November 9th, 2017
Borrowers are often surprised to learn that qualifying for a variable-rate mortgage is harder than qualifying for a fixed-rate mortgage, even though the variable rate is lower. To find out why, check out today’s post.