Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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Variable Rate Discounts Gaining Momentum Again

The story of variable rate mortgage has been like an ignored person for quite a while. The high discounts were long gone and until recently we were living with few BPS off here and there. Brokers were not making much off Variable Rates either. So, it was

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If you think 2.99% is the best then CIBC can surprise you

For short term fixed rate mortgage shoppers CIBC is a good place to start. Since Bank of Montreal came out with its 2.99 percent repeat offer – other banks are not sitting still. In the short term mortgage World now CIBC has its unique 3-3-3.1 offer. From

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Mortgage Interest Rate Buy Down – A Necessary Evil

We keep hearing this term more often now a days. In this article we shall discuss about some aspects of it and its impacts. What is rate buy-down? This is a very controversial tool used mainly by mortgage agents to offer better rates to clients by sacrificing

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Variable Rate Mortgage – Discounts are Making a Comeback

Bond yield touched the bottom few days ago. In a reaction to that event – fixed rates were reduced by some lenders. Lately we do not see much movements in variable rate side. That front is very quiet. Currently we are all about fixed rate mortgages. Since

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Variable rate – disappearing discount driven by consumer behaviour change?

Banks are in lending business. Historically they make profit from the interest charged on the borrowed sum. Sure enough, if interest rate is the sole determinant of profit margin then banks have to keep a sharp eye on that. Unfortunately, the businesses today are not that simple.

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Changes in residential fixed mortgage rates.

The web page on RBC.com states the 5 years fixed rate as 5.39%. This is not announced in any major news release (yet). Probably they wanted to bring the rates lower quietly but not slowly. This was 0.15% drop this time and it is significant. The market

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Fixed rate moprtgage and Variable rate mortgage

It is always in your mind what is better – Fixed or variable? It is not so easy to decide. The chart below gives you last close to 40 years comparison between two? What do you get? Few places the fixed has gone below variable, but generally

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