Coldwell Banker Fort McMurray
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Tag Archives: interest rate
Canada’s Bond Yield increasing – mortgage rates may increase as well
Historically, Bond Rates and Fixed Mortgage Rates have fluctuated in relation to each other.Canada’s Bond Rates have climbed in the past few days. As a result, some lenders are increasing their interest rates. Interest Rates are still at a historical … Continue reading
Posted in Canada News
Tagged interest rate, Mortgage, mortgage broker, mortgage term
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Bank of Canada signals rates to remain on hold even longer
Bank of Canada signals rates to remain on hold even longer.
Government controlling mortgage rates?
Finance Minister Jim Flaherty is coming under fire for using his position to pressure a private sector mortgage lender to raise its interest rates, an action that will increase borrowing costs for Canadians. Flaherty admitted to calling up BMO to … Continue reading
More Canadians Adopt a Low Rate Mindset
Is it time to switch your Variable Rate Mortgage into a Fixed Rate Mortgage? Fewer people believe that rates could rise this year. In a study released by CIBC, 46% of Canadians believe today’s low rates will remain unchanged over … Continue reading
Posted in Alberta News, Canada News, Fort McMurray News
Tagged finances, interest rate, Mortgage, Real Estate
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Bank of Canada signals rates to remain on hold
The Bank of Canada announced that it will keep the overnight rate at 1 percent, where its has been for over 2 years now. Great news for everyone with a variable rate mortgage.
Higher Rates ‘Less Imminent’
The Bank of Canada announced today, that the timing of the next increase in interest rates is “less imminent than previously anticipated”, which surprised most analysts.
Interest Rates Stay The Same
The Bank Of Canada left its policy rate, and prime rate remains unchanged, at 3% as it has been for the past 25 months.
Inflation at 1.2% – forget any increase in interest rates
The Bank of Canada maintains overnight rate at 1%, inflation is at 1.2%, ergo, interest rates should remain low for the foreseeable future. Several analysts view the odds of an increase in borrowing costs in the near future is zero. … Continue reading
Posted in Canada News
Tagged bank, bank of canada, banks, finances, inflation, interest rate, Real Estate
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Bank of Canada keeps interest rates on hold
The Bank of Canada keeps interest rates at 1% which has remained the same for 2 years, marking the longest period of unchanged rates since the 1950s.
5 Year Fixed at 2.99% – Variable rates at Prime minus 0.35%
With the drastic changes caused by our new mortgage rules, some lenders are offering deeply discounted rates, such as this New 5 Year Fixed Rate Being Offered for 2.99%.
Posted in Canada News
Tagged finances, housing market, interest rate, Mortgage, mortgage term, rates
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