Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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Rate forecast – indicators

If the bond yield curve did not improve – rather went down – would the rates improve in short term? What do you think?    

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Future of overnight interest rate

Overnight lending rate is the rate generally set by Bank of Canada. Big banks set (generally speaking) their prime rate 200 basis points above the BoC rate. In Canada weather is very unpredictable. Fortunately to accompany Canadian weather – financial forecasts are catching up. They change just

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Housing Indicators

Regardless of what are being reported in recent media and institutional publications – there are only two factors which governs the housing show – Demand and Supply. the value of your nest is influenced by buyers – who are willing to pay the amount you are asking

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Interest Rate Outlook – Getting Seriously Positive – Bringing Three Months Interest Penalty To Break A Fixed Mortgage

More and more lenders are offering very attractive prepayment options for fixed mortgages. Some offers only three months interest and some offers the same thing but after three years. If a borrower wants to prepay a fixed rate mortgage then the prepayment penalty will be much less

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BOC overnight rate forecasts from lenders

Economic forecasts are a way to measure the changes in economy. They occasionally turn out to be accurate but that is not the purpose of those outlooks. We all rather use them to judge the mood of the market. It tells us how and when to take

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Market update, searching for directions.

Overall trend in the market has been down for few weeks. Stock market is down, bond market is doing better (subsequently bond yield is down), interest rates are going down and probably the appetite for National Housing Act, Mortgage-Backed Securities aren’t doing any better. If you look-up

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International Center for Monetary and Banking Studies – statement by Mark Carney, in Geneva, Switzerland.

Mark Carney made some interesting remarks in his speech in Geneva. The most related to our industry are as follows- Only about 30 per cent of mortgages in Canada are securitized. Moreover, securitization in Canada is dominated by government-guaranteed mortgage-backed securities (about 85 per cent pre-crisis). As

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Economic outlook by Bank of Canada

In an opening statement in Canadian house of commons governor Mark Carney has tried to explain the future economic recovery of Canada in global perspective. He said that The global economic recovery is entering a new phase. In advanced economies, temporary factors supporting growth in 2010, such

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Interest rate outlook

In a recent study published by BMO- it has predicted a rather weak recovery of Canadian financial sector. It has also predicted a 1.25% BOC overnight rate by the end of this year and a 2.08% overnight target by the end of fourth quarter 2011. If the

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