March 10, 2014
How the Latest Canadian and U.S. Employment Data Impact Our Mortgage Rates - Monday Morning Interest Rate Update (March 10, 2014)
Posts from the ‘Monday Morning Mortgage Rate Updates’ Category
March 3, 2014
Last Friday Canada Mortgage and Housing Corporation (CMHC) announced that it will increase its mortgage-default insurance premiums, effective May 1, 2014. Current premiums will remain in effect on all mortgage applications that are submitted before this date, even in cases where the transaction closes well after the changeover deadline. Bluntly put, the impact on the average borrower will be negligible. To highlight what the typical impact of this change might look like with an example, let’s assume that a borrower is purchasing a $400,000 property with a $40,000 down payment, that the property will be used as his/her principal residence, and that he/she can qualify for financing using traditional underwriting guidelines: This deal has a loan-to-value of 90%, which means that our borrower’s high-ratio insurance premium will rise […]
February 24, 2014
What the Latest Consumer Price Index Means for Mortgage Rates - Monday Morning Interest Rate Update (February 24, 2014)
February 10, 2014
Will Mortgage Rates Be Impacted By the Latest Canadian and U.S. Employment Reports? Monday Morning Interest Rate Update (February 10, 2014)
February 3, 2014
How Canadian Mortgage Rates Are Impacted by Continued U.S. Fed Tapering - Monday Morning Interest Rate Update (February 3, 2014)
January 27, 2014
The Loonie Rides to the Rescue - Monday Morning Interest Rate Update (January 27, 2014)
January 20, 2014
The Primary (and Hidden) Risk to U.S. Inflation? Monday Morning Interest Rate Update (January 20, 2014)
January 13, 2014
What The Latest Employment Report Means for Mortgage Rates - Monday Morning Interest Rate Update (January 13, 2014)