by jordant | Dec 20, 2022 | Current Real Estate Trends and Updates, Mortgage Rates
What a year it’s been!! Here is my 2022 Round Up of the 5 Top Mortgage Stories as I see it and what could be in store for 2023. 1) BOC raises rates 400 basis points, the steepest rise in one year since 1936 2) Variable Rate Mortgage Pain, Trigger Rates and...
by jordant | Sep 13, 2022 | Current Real Estate Trends and Updates, Mortgage Rates
When Will The Bank of Canada Stop Raising Rates? Attention Canadian Homeowners and Homebuyers! The Bank of Canada raised rates AGAIN September 7th, this time by three quarters of a percent, taking Prime rate to 5.45%! With interest rates on the rise, in fact a total...
by jordant | Jul 16, 2022 | Mortgage Advice, Mortgage Rates
Will rising mortgage interest rates affect your mortgage qualificaiton? It is very possible. As rates go up, so too does the stress test rate that I have to use. The stress test is the greater of 5.25% or the contract rate + 2%. For example, if you are wanting a fixed...
by jordant | Jun 30, 2022 | Current Real Estate Trends and Updates, Mortgage Rates
VARIABLE RATE MORTGAGE HOLDERS If you are currently in a variable rate mortgage, I wanted to give you this update prior to the next Bank of Canada meeting July 13th! At this point, we can fully expect a 75 basis point hike, the highest we have seen in decades, taking...
by jordant | Mar 23, 2021 | Mortgage Rates
Keeping, Getting, Giving! Spring is in the air, love it 🙂 🦋💐 *Keeping- The Bank of Canada keeps it’s key rate unchanged so good news for variable rates!!✅ *Getting- My Spring Promo could put some more money in your pocket! 💲💲 *Giving- Please help us give to...
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