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Canada Mortgage Rates - Politics, Business, Civil, History - Posted: 23rd Jan, 2015 - 11:20pm
Posts: 10 - Views: 1536
General Canadian Mortgage Rates - For specific areas within CaPost Date: 15th May, 2008 - 1:20am / Post ID: #
Canada Mortgage Rates
Name: Mortgagemann
Comments: Canadian Mortgage Rates
Fixed rate mortgages continue to go down. 5 year rates are now as low as 5.25%. Variable rates are sitting at Prime -50 or 4.25% with ING offering Prime -.75 or 4 percent
The strategy that mortgage brokers like myself are suggesting is getting a variable rate mortgage now and switching to a fixed rate in December or January when rates are expected to go up.
Inflation from oil prices and the resulting rise in food prices will make the central banks raise the overnight bank rates making variable rates less attractive.
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Rates Mortgage Canada
Since you are in this field I do have a question this fall I am coming up on the end of my fourth year of a 5 year locked. I locked at 5.1 and would be happy to hit that number ballpark again. I was also thinking on redoing the mortgage to include some extra monies for some windows and to replace the furnace and a/c.
Would I be wise to do this ASAP or have it arranged for the anniversary date in Sept?
International Level: Senior Politician / Political Participation: 188 
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Rates Mortgage Canada
That is my hope though 5.2 is what I see and that is good enough for me. Just not sure about the penalties and I will have to pay 300 for a house appraise maybe.
This is intrestng as well 5.625% 30 Year Fixed Rate with bestrateloans.com. Might get lower but his way it is paid off now questions on the rate.
International Level: Senior Politician / Political Participation: 188 18.8%
Rates Mortgage Canada
The rates are still dropping the five year rates is not down to 5.2! They are also starting to offer 7 year rates as well. I will like opt to stick with a term that matures with the the US elections rates always seem best in that year.
International Level: Senior Politician / Political Participation: 188 18.8%
Post Date: 23rd Jan, 2015 - 6:31pm / Post ID: #
Canada Mortgage Rates
The Bank of Canada lowered the bank overnight rate yesterday. This should result in the banks lowering their variable rates at sometime in the near future.
It is now possible to get a variable rate mortgage at Prime - .70 or 2.30%. Should the banks follow the Bank of Canada and drop the rate by .25% then the new variable rate would be 2.05%
The lower rate would also help consumers with lines of credit.
Canada Mortgage Rates Politics Business Civil & History
The low rates a great and I would lock in if any one is renewing. I do not think these rates will stay for long unless the oil industry keep the current crude prices. I do not expect to see much higher but maybe .5 % in a few months to a year.
International Level: Senior Politician / Political Participation: 188 18.8%
TOPIC: Canada Mortgage Rates