Why are Canadian mortgages rising? And how far could they go? This post appeared first on Canadian Business. One after the other, Canada’s big banks have all hiked-up mortgage rates this week. Why? In large part, it has to do with the U.S. recovery. There are two major channels in which a healthier and faster-growing economy down south […]
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 […]
Times Are Still Good, Government Dares Not Raise Rate, Banks Up Charges And Continue To Profit Insanely
Analysis – The buyers are back, Canada housing market defies doomsayers US-ECONOMY-HOUSING-ANALYSIS: Analysis – The buyers are back, Canada housing market defies doomsayers TORONTO (Reuters) – Daniel DiManno sold his Toronto house for less than he had hoped and wanted to see if prices would cool before he bought a new one. But Canadian mortgage […]
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 […]