17 Mar

Housing Starts Pick Up in February. Mortgage Market Update March 14, 2014

General

Posted by: Anne Martin

 
 
Anne Martin Mortgage Agent | FSCO # M10002257
705-720-1001 1-800-500-1841    anne@ndlc.ca | www.barriemortgagelocators.com
39 Collier Street, Ste 300 Barrie ON L4M 1G5

  

  Neighbourhood Dominion Lending Centres |  FSCO 11764  Independently Owned & Operated
 
Friday, March 14, 2014

Market Update
Rates have remained stable the past week with no current changes in interest rates. 
5 year mortgages are ranging from 3.15%-3.39% range, Variable rate mortgages are in the 2.45%-2.65% range.
If your mortgage is renewing in the next 6 months or you are thinking of refinancing, I strongly recommend you start the process now.

If you have a variable rate of any more than prime +.25 or a fixed rate of 4.25% or more, we should explore the merits of refinancing to a lower rate.  It may result in savings of thousands of dollars and a longer term at today’s record low rates.      Please contact me for a free, no obligation review. Spending a few minutes could save you thousands of dollars.   Bank prime is 3.00%
The next Bank of Canada meeting is on April 16th.
P.S. If you, your family, or co-workers require guidance on current market trends, please call me, I’m always available to help.

…Anne

Canadian housing starts pick up in February
Leah Schnurr, Reuters | March 10, 2014 8:44 AM ET TORONTO — Canadian housing starts rose more than expected in February, data released on Monday showed, but the modest increase did not sway economists’ expectations that the country’s housing market will cool this year.
The seasonally adjusted annualized rate of housing starts rose to 192,094 units last month from a upwardly revised 180,481 in January, the Canada Mortgage and Housing Corp (CMHC) said. That topped expectations for an increase to 189,500.

Read More…


To enter, close a mortgage through Neighbourhood Dominion Lending Centres (including switches and refinancing) OR refer others to do the same. For each deal that closes, you and your referral will receive an entry ballot! The more referrals you send, the better your chances of winning!
Call me for more details.
Contest closes November 20th, 2014 at midnight EST.
Contest Rules and Regulations

 Historical Interest Rate Graphs   
Below you will find a feature which will give you current interest rate trends. It  can also be accessed on our web site. I hope you and your clients find it useful
Click here to  access rate graphs 

My Commitment to You 
  • Constant update of Market Conditions
  • Innovative Mortgage Products
  • Value Added Services
  • Unbiased Advice
  • Innovative Mortgage Strategies and NOT just Order Taking
3 Mar

RBC says home affordability to deteriorate with rising mortgage costs. Mortgage Market Update March 3, 2014

General

Posted by: Anne Martin

 

 
 
Anne Martin Mortgage Agent | FSCO # M10002257
705-720-1001 1-800-500-1841    anne@ndlc.ca | www.barriemortgagelocators.com
39 Collier Street, Ste 300 Barrie ON L4M 1G5

  

  Neighbourhood Dominion Lending Centres |  FSCO 11764  Independently Owned & Operated
 
Friday, February 28, 2014
Market Update
Rates have remained stable the past week with no current changes in interest rates. 
5 year mortgages are ranging from 3.15%-3.39% range, Variable rate mortgages are in the 2.45%-2.65% range.
If your mortgage is renewing in the next 6 months or you are thinking of refinancing, we strongly recommend you start the process now.
If you have a variable rate of any more than prime +.25 or a fixed rate of 4.25% or more, we should explore the merits of refinancing to a lower rate.  It may result in savings of thousands of dollars and a longer term at today’s record low rates.      Please contact me for a free, no obligation review. Spending a few minutes could save you thousands of dollars.   Bank prime is 3.00%
The next Bank of Canada meeting is on March 4th.
P.S. If you, your family, or co-workers require guidance on current market trends, please call me, I’m always available to help.

…Anne
RBC says home affordability to deteriorate with rising mortgage costs
By The Canadian Press February 25, 2014
OTTAWA – The Royal Bank of Canada (TSX:RY) says the ability of Canadians to keep up with housing costs has been improving of late, but warns that’s about to change.
RBC’s latest housing affordability measure shows home servicing costs relative to incomes dipped slightly in the last three months of 2013, after having risen the previous two quarters.
But the relief will be temporary, the bank says in a new report, because mortgage rates are due to start rising this year.
Read More…

To enter, close a mortgage through Neighbourhood Dominion Lending Centres (including switches and refinancing) OR refer others to do the same. For each deal that closes, you and your referral will receive an entry ballot! The more referrals you send, the better your chances of winning!
Call me for more details.
Contest closes November 20th, 2014 at midnight EST.
Contest Rules and Regulations

 Historical Interest Rate Graphs   
Below you will find a feature which will give you current interest rate trends. It  can also be accessed on our web site. I hope you and your clients find it useful
Click here to  access rate graphs 

My Commitment to You 
  • Constant update of Market Conditions
  • Innovative Mortgage Products
  • Value Added Services
  • Unbiased Advice
  • Innovative Mortgage Strategies and NOT just Order Taking