25 Aug

Housing Starts Edge up in July, CMHC Outlook is Positive

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, August 22, 2014
Market Update

No changes in rates this week. Bonds continue to remain near record low rates.

5 year rates remain in the 2.89-3.09% range. Variable rates are in the 2.35-2.55% 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.     
 
Contact me for a free, no obligation review. Spending a few minutes could save you thousands of dollars.

Bank prime is 3.00%

Next Bank of Canada update is Sept 3rd

P.S. If you, your family, or co-workers require guidance on current market trends, please call me, I am always available to help.

…Anne

 

Housing Starts Edge Up in July, CMHC Outlook is Positive

MCAP Mortgage News
by Nigel Aplin | Aug 18, 2014

 
Last week, CMHC published data for housing starts for July as well as its third quarter Housing Market Outlook. The data and CMHC’s forecast both point to the housing sector heading toward the long anticipated and desired “soft landing” in 2014 and 2015.

Read More…

 


CONGRATULATIONS !
to the 2nd winners
of $1000

Click to find out who won – Was it You?


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

To continue receiving electronic communications, 
please Confirm your Subscription.  

Please click here if you wish to Unsubscribe Now

 

18 Aug

Toronto Home Sales Surge in July. Mortgage Market Update August 18, 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

Thursday, August 14, 2014
Market Update

Bonds rates has been easing upwards the past week. There have been no changes in fixed or variable rate mortgages at this time.

5 year monies remain in the 2.89-3.04% range.

Variable rate mortgages are in the 2.35-2.55% 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.     
 
Contact me for a free, no obligation review. Spending a few minutes could save you thousands of dollars.

Bank prime is 3.00%

Next Bank of Canada update is Sept 3rd

P.S. If you, your family, or co-workers require guidance on current market trends, please call me, I am always available to help.

…Anne

 

Toronto home resales surge 10% in July

Tara Perkins – REAL ESTATE REPORTER
The Globe and Mail
Published Thursday, Aug. 07 2014, 8:03 AM EDT
Last updated Thursday, Aug. 07 2014, 10:19 AM EDT

 
The number of existing homes that changed hands in the Toronto area during July rose 10 per cent from a year earlier.

That made it the second-highest July sales level on record, the Toronto Real Estate Board (which represents local realtors) said Thursday.

There were 9,198 home sales over the Multiple Listing Service, significantly higher than the average sales level for July over the past decade, which is 7,926.

The average sales price came in at $550,700, up 7.5 per cent from a year earlier. The average selling price of detached homes in the downtown area covered by the 416 area code rose 11 per cent to $880,433, while the average selling price of condos in the same area rose 4.7 per cent to $379,002.

 


CONGRATULATIONS !
to the 2nd winners
of $1000

Click to find out who won – Was it You?


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

To continue receiving electronic communications, 
please Confirm your Subscription.  

Please click here if you wish to Unsubscribe Now

 

8 Aug

Interest Rates extremely low. Mortgage Market Update August 8, 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, August 8, 2014
Market Update

Bond rates have been steady all week. Rates remain extremely low. One new development is a 10 year rate in the 3.65—3.75% range. 

For those concerned about potential rising rates, this is an excellent alternative to consider.

5 year rates remain in the 2.89-3.09% range. Variable rates are in the 2.35-2.55% 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.     
 
Contact me for a free, no obligation review. Spending a few minutes could save you thousands of dollars.

Bank prime is 3.00%

Next Bank of Canada update is Sept 3rd

P.S. If you, your family, or co-workers require guidance on current market trends, please call me, I am always available to help.

…Anne

 

Five-year mortgages holding firm, but just wait

Tara Perkins – REAL ESTATE REPORTER
The Globe and Mail
Published Wednesday, Jul. 30 2014, 6:12 AM EDT
Last updated Wednesday, Jul. 30 2014, 3:41 PM ED

 
Rewind seven months and economists were predicting that five-year fixed mortgage rates would creep up a bit this year. But they’ve done nothing but fall so far. So what happened?

Five-year fixed mortgage rates tend to roughly track the yields on five-year government of Canada bonds, because those influence the cost of the funds that the banks obtain to lend out. Yields on five-year government of Canada bonds have fallen. They ended last year at 1.95 per cent, and this week were below 1.50 per cent.

Read More…

 


CONGRATULATIONS !
to the 2nd winners
of $1000

Click to find out who won – Was it You?


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

To continue receiving electronic communications, 
please Confirm your Subscription.  

Please click here if you wish to Unsubscribe Now

 

1 Aug

Bond Rate inching downwards. Mortgage Market Update August 1, 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

Thursday, July 31, 2014

CONGRATULATIONS !
to the 2nd winners
of $1000

Click to find out who won – Was it You?

Market Update

The bond rate has continued to inch downwards the past several weeks. 5 year funds are in the high 2% range(2.89-3.04%) range.
 
Variable rate mortgages are in the 2.35-2.45% 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.     
 
Contact me for a free, no obligation review. Spending a few minutes could save you thousands of dollars.

Bank prime is 3.00%

Next Bank of Canada update is Sept 3rd

P.S. If you, your family, or co-workers require guidance on current market trends, please call me, I am always available to help.

…Anne

 

The Week in Economic and Real Estate News

The information below is a weekly summary we received from one of our major lenders( MCAP).  It is an excellent overview of current market conditions on the housing market and interest rates
 
The Bank of Canada left its key rate at 1% last week and re-stated its neutral stance on the timing and direction of future changes. The Canadian economy is not expected to reach full capacity until mid-2016 as the world economy has created “serial disappointment”.
 
The Canadian Real Estate Association published June results last week. Sales volumes were up 11% from a year ago and average prices were up about 7%. CREA expects that the pace of activity will moderate in the second half of the year.
 
The Teranet House Price Index for June was released last week. The index was up 0.9% from May – the second smallest June gain in ten years. In the last 12 months, the index has gained 4.4%.
 
Statistics Canada released June’s Consumer Price Index on Friday. Headline inflation was up 2.4% and core inflation, which excludes some volatile items, was up 1.8%. The increase was driven by higher food, fuel and shelter costs.
  
The benchmark government of Canada five year bond yield ended the week at 1.49%, down from 1.53% the previous week.

 


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

To continue receiving electronic communications, 
please Confirm your Subscription.  

Please click here if you wish to Unsubscribe Now