27 Jun

Situation in Greece causes bond rate to stay the same. Mortgage Market Update June 26, 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, June 26, 2015
Market Update

With the Greek situation still unsettled, bonds have remained somewhat unchanged.

There have been no major changes in neither fixed nor variable interest rates.

5 year fixed are in the 2.54-2.69% range. Variable rate mortgages are in the 2.15-2.35% range.

The next meeting with the Bank of Canada is on July 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

 

 
Four in ten homeowners made an extra payment on their mortgage in the past year, Manulife Bank of Canada Debt Survey Shows

WATERLOO – Canadian homeowners are taking concrete steps to reduce their debt, with four in ten reporting that they either made extra mortgage payments or increased the amount of their mortgage payment in the past year, according to a new survey released by Manulife Bank of Canada. On average, these homeowners with mortgage debt paid down an average of $6,300 in the past year, with 18 percent making an extra lump-sum payment, 17 percent increasing their regular payment, and five percent doing both.

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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15 Jun

A Profile of Home Buying in Canada by Will Dunning

General

Posted by: Anne Martin

Today, CAAMP released its spring consumer report, A Profile of Home Buying in Canada.

The report, written by Will Dunning, CAAMP’s chief economist and compiled based on research by Bond Brand Loyalty (formerly Maritz Research), focuses on people who purchased homes between 2013 and Q1 2015, 45% of whom were first-time buyers. The report offers a detailed profile of homebuyers in Canada during a period when the housing market was under great scrutiny.

The report also provides an in-depth analysis of the economic health of the economy and its impact on the Canadian mortgage industry. Significant statistics have been extrapolated from the report for easy reference. 

Download the info graphic here 

Canadas_Housing_Market_2013_-_present.pdf


Download the Report here.

CAAMPs_2015_Spring_Survey_.pdf