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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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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