Monday Interest Rate Updater
Filed Under Main Content · Tagged: Brussels, European Union, European Union Leaders, Interest Rate, Last Attempt
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Friday’s meeting of European-Union leaders in Brussels was the region;s last attempt to reassure the markets… See full story on this topic »
Overheated housing market to cool: Bank of Canada governor
Filed Under Main Content · Tagged: Bank Canada, Bank Of Canada, Bank Of Canada Governor, Canada Bank, Canadians, Cool Canada, Cool Html, Housing Market, Indebtedness, Interest Rate
The bank governor dropped no further hints on when the Bank of Canada may begin to increase its key trendsetting overnight interest rate, but his remarks were in keeping with warnings he has made that Canadians’ levels of indebtedness leave them vulnerable to higher rates.
Overheated housing market to cool: Bank of Canada governor
TD Canada Trust raises mortgage rates
Filed Under Main Content · Tagged: Basis Points, Canada Bank, Canada Canada, Canada Mortgage, Fixed Mortgage, Fixed Rate Mortgage, Interest Rate, Mortgage Bank, Mortgage Rates, Nationalpost Com, News Canada, Td Canada Trust, Td Trust
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%
TD Canada Trust raises mortgage rates
No increase in mortgage costs seen for Sept.
Filed Under Main Content · Tagged: Bank Of Canada, Bank Of Canada Governor, Bank Of Montreal, Barrage, Canadian Economy, Economists, Fixed Rate Loans, Gross Domestic Product, Interest Rate, Likelihood, Mark Carney, Mortgage Costs, Mortgage Experts, Mortgage Rate Comparison, Online Mortgage, Product Numbers, Rate Mortgages, Second Quarter, Slowdown, Toronto Sun
Toronto Sun- Homeowners aren’t likely to face higher mortgage costs for at least the next month and some banks may even follow the Bank of Montreal in cutting new fixed-rate loans to compete for a dwindling number of buyers, specialists said.
According to a panel of mortgage experts polled by online mortgage rate comparison site RateSupermarket.ca, both fixed-rate and floating rate mortgages will remain unchanged for the next 30 to 45 days.
The sharper-than-expected slowdown in the Canadian economy, which grew at 2% in the second quarter, coupled with a barrage of negative data from the U.S., has increased the likelihood that Bank of Canada governor Mark Carney will pause in his interest rate tightening cycle in September.
Before Tuesday’s gross domestic product numbers, most economists had expected one more increase before rates went on hold…
No increase in mortgage costs seen for Sept. | Money | Toronto Sun
