What do news headlines below tell us ? Higher bond yields trigger hike in mortgage rates Toronto Star – Jun 21, 2013 The recent increase in mortgage rates by several of Canada’s big banks is likely the start of a slow upward trend, experts say. Scotiabank, the Royal Bank of Canada, and TD Canada Trust raised rates this week on some mortgages for terms ranging from two … Rising […]
Canadian mortgage rates are heading higher and higher
Really ? Interest rate never go up, but banks want to charge more and more … while facing no risk whatsoever ? For the record, mortgage risk is underwritten by CMHC ie. your money … and it’s approaching $Trillion now. So, what’s the rationale here ? Canadian mortgage rates on the rise A number of […]
Conspiracy to break up CMHC for the better ?
The secret plan to break up the CMHC Analysis: New CMHC head leads focus on financial industry, risk management Board members will be required to have more knowledge of balance sheets, financial acumen By Greg Quinne and Andrew Mayeda, Bloomberg Canada Mortgage & Housing Corp., which insures $563 billion of mortgages, named former Bank of […]
Banks are turning more people to ‘loan sharks’ for home purchase financing
Not only banks are getting pickier, they’re also giving out lesser and lesser … because they can’t really ride on ‘fool’ like CMHC anymore ? No idea how true is th allegation, but we do know CMHC is under more serious scrutiny now. And while banks are totally desperate to have as many mortgages as […]