Pace of US house price rises slows as mortgage rates climb US house prices rose at a less feverish pace in July signalling the impact of higher mortgage interest rates on demand. U.S. home prices up, but slip in confidence could be a concern U.S. home prices slowed their rate of gains in July and a dip […]
Canadian realty speculators running for their lives (turning to U.S markets for asylum) ?
Is this a concrete sign that the end is really nigh for Canadian property market ? Could this be the trigger … ? TD and RBC mortgage rates up, following other banks For the most part, Canada’s largest bank is increasing the rates by 20 basis points, with its fixed five-year closed mortgage rising to 5.34 per cent and its five-year […]
Canada finally succumbs to the reality – mortgage rates up
TD and RBC mortgage rates up, following other banks For the most part, Canada’s largest bank is increasing the rates by 20 basis points, with its fixed five-year closed mortgage rising to 5.34 per cent and its five-year special rate to 3.89 per cent. The rate changes are effective Thursday. Canada’s new mortgage reality By Brenda Bouw | Balance Sheet The days of rock-bottom mortgage rates […]
Is this a trick to get people to rush in to buy a home ?
Banks threatens mortgage rate will go up (so that people will buy a home quickly) as a trick to fulfill their mortgage quota (shortfall) ? I won’t be surprised. Banks did just that a few years ago … Probably more than once and the interest never ever go up, only down (until today). First-time home […]
Why the Rising Mortgage Rates don’t Spell Disaster ?
By Canadian Mortgages Inc. It was the beginning of last month when bond prices plunged and RBC increased mortgage rates in response. Not too long after Scotiabank and TD followed suit. But while homeowners and home buyers are groaning about these higher mortgage rates, they’re not all bad. And in fact if you look at […]
Mortgage Rate Hike = Interest Rate Up = Home Prices Down ?
First, they say Canadian mortgage rates on the rise … Canadian mortgage rates on the rise Mind you, the hike is solely to increase the already fat profit margin of banks, it has nothing to do with interest rate, not yet. For the record, interest is still the same old artificially suppressed rate we have […]