13 Apr

Mortgage Insurance Increases, again! Mortgage Market Update April 10, 2015

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, April 10, 2015
Market Update

Rates remained unchanged the past week. The spring mortgage rate wars/specials have started. 

Make sure you fully explore what product is best suited for individual circumstances. The so called “sticker price” may not be the best deal for you. Always make sure you have someone giving you unbiased advise before making any decisions.

Long term rates remain at historical lows in the mid to upper 2% range.

Variable rates are in the low 2% range.

Next meeting with the Bank is on April 15, 2015

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

 

Drawing conclusions: Will new CMHC premiums raise your mortgage payments?

Preet Banerjee 
Published Monday, Apr. 06 2015, 11:23 AM EDT 


Canada Mortgage and Housing Corporation issues mortgage loan default insurance. The federal housing agency recently announced that as of June 1, 2015, it was boosting the premium rate on highest-risk mortgages. That means borrowers who have a down payment of less than 10 per cent will be paying 15 per cent more.

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 December 1st, 2015 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

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