Kim Reid
The Right House, The Right Price
Agent Blogs
May 9
2013
Mortgage Market Update...
Blog posted by Cory Kline, AMP
::
Views (141)
We saw a small movement upwards in the bonds the last few days. There have been no major changes in interest rates
5 year funds are available in the 2.84-2.99% range, 10 year funds as low as 3.69%. Variable... [ more ]
May 2
2013
Cory's Mortgage Market Update...
Blog posted by Cory Kline, AMP
::
Views (192)
Did you know? Both CMHC and Genworth will consider refinances for marital split payouts up to 95% of the home value, on an exception basis. Typically clients can only refinance up to 80% LTV of the equity in their property. This allows... [ more ]
Apr 4
2013
Mortgage Market Update...
Blog posted by Cory Kline, AMP
::
Views (447)
Another week has past and the interest rate markets remain extremely low and unchanged. 5 year funds are available in the 2.84-2.99% range, 10 year funds as low... [ more ]
Mar 5
2013
5 Questions to ask your Mortgage Broker
Blog posted by Cory Kline, AMP
::
Views (866)
1. How long have you been in the business? (Ideally, at least two to five years) 15 years
2. How many lenders does your team have “top-tier status” with? (Preferably six to seven or more)10+
3. Is the rate you’re quoting me the lowest rate for that term on that lender’s... [ more ]
Feb 21
2013
Mortgage Market Update...
Blog posted by Cory Kline, AMP
::
Views (2387)
No changes in rates the past week ... 5 year funds remain in the 2.94-3.19% range, 10 year funds as low as 3.69%. Variable rate mortgages are available as low as 2.65%.
If you have a... [ more ]
Jan 28
2013
Canadian Market Update...
Blog posted by Cory Kline, AMP
::
Views (1063)
Canada
• Citing a more muted inflation outlook and constructive evolution of imbalances in the household sector, the Bank of Canada stated that the withdrawal of monetary stimulus is less imminent than previously anticipated. That surprised markets, and interest rate expectations were... [ more ]
Jan 24
2013
Bank of Canada signals no rate hikes anytime soon...
Blog posted by Cory Kline, AMP
::
Views (1100)
Industry News
While the Bank of Canada acknowledges the economic outlook here and elsewhere “is slightly weaker” than thought, policymakers are also offering up some hope for the near future.
In a nutshell, Canada’s economy is growing at a slower pace than... [ more ]
Jan 22
2013
Economic Highlights for the Past Week...
Blog posted by Cory Kline, AMP
::
Views (953)
Canada
• The Bank of Canada’s Business Outlook Survey revealed that businesses are mildly optimistic about the future. Manufacturing sales also came in better than expected earlier this morning.
• The third Canadian data release for the week was the one that had everyone... [ more ]
Jan 11
2013
Economic Highlights this past week
Blog posted by Cory Kline, AMP
::
Views (1040)
• The U.S. Congress reached a deal to avoid the worst of the fiscal cliff, although a decision on scheduled spending cuts was pushed back two months. This outcome was quite close to our expectation, and as such our macroeconomic outlook remains unchanged, as do our interest and... [ more ]
Jan 11
2013
Market Update
Blog posted by Cory Kline, AMP
::
Views (1018)
Bond rates inched up the past week, resulting in a few lender's raising their fixed rates by 5 basis points. We have 5 year terms available in the 2.98% range and 10 year terms from 3.79%. Variable rates are as low as 2.65%.... [ more ]
Jan 3
2013
Mortgage Market Update
Blog posted by Cory Kline, AMP
::
Views (1290)
There were no changes to rates over the holiday season.
If you have a variable rate of any more than prime +.75 or a fixed rate of 3.75% or more, we should... [ more ]
Dec 13
2012
Mortgage Market Update
Blog posted by Cory Kline, AMP
::
Views (1484)
Both the mortgage and bond rates remained steady the past week, remaining close to historical lows. We have 5 year money at 2.99% with many lenders,10 year funds as low as 3.79% and variable rates in the prime less .35%(2.65) range.... [ more ]
Dec 4
2012
Bank of Canada Announcement
Blog posted by Cory Kline, AMP
::
Views (1542)
As expected, there was no change in the Bank of Canada press release. Bank prime remains at 3%.
This means no changes in variable rate mortgages or line of credit rates.
... [ more ]
Nov 29
2012
Cory's Mortgage Market Update
Blog posted by Cory Kline, AMP
::
Views (1366)
Both the bond market and interest rate market remained steady the past 7 days. We have 5 year money as low as 2.99%, 10 year money as low as 3.79%. Variable rate costs as low as prime less.35%.... [ more ]
Nov 15
2012
Cory's Market Comment...
Blog posted by Cory Kline, AMP
::
Views (2105)
An uneventful week in terms of interest rates. Bonds remained steady with 5 year money currently in the 2.99% - 3.09% range. We still have 10 year funds available at 3.89%.... [ more ]
DISCLAIMER: While we do our best to ensure the accuracy and integrity of information on our website, the opinions and advice published here are provided by outside individuals, and in no way reflect the opinions or legal position of the company, and are not intended to replace sound professional or legal advice. The company, website owners, developers, sellers or resellers will in no way be held accountable or liable for advice or opinions published here by outside parties (experts or consumers).
