Should you consider locking into a fixed-rate mortgage???

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This can be one of the biggest decisions homeowners face. Is it going to cost me or save me money… See full story on this topic »

Banks boosting mortgage rates – The Globe and Mail

Several of Canada’s big banks are raising most of their fixed-term mortgage rates ahead of the busy spring real estate market.

Banks boosting mortgage rates – The Globe and Mail

TD Canada Trust raises mortgage rates

The bank said that effective Feb. 8, the interest rate on its five-year closed fixed rate mortgage would increases 25 basis points to 5.44%

Read more: http://www.nationalpost.com/news/canada/Canada+Trust+raises+mortgage+rates/4237864/story.html#ixzz1DOHbecu8

TD Canada Trust raises mortgage rates

With low interest rates, is it time to reconsider your mortgage?

Vancouver Sun- With mortgage rates low and more likely to go up than down, some borrowers may want to think long and hard about whether they want a long and hard — fixed, that is — mortgage rate.

The first question is whether to go fixed or variable when borrowing to buy a home. Statistics show that 88 per cent of the time, a variable mortgage is cheaper than a fixed-rate mortgage, said Feisal Panjwani, senior mortgage consultant with Invis-Feisal & Associates Mortgage Consulting in Cloverdale. But the problem with a variable rate is that it is just that: It changes over the life of the mortgage…

With low interest rates, is it time to reconsider your mortgage?

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