Many don’t know if they could make higher mortgage payments: poll
Filed Under Main Content · Tagged: Bank Of Canada, Bank Of Montreal, Benchmark Rate, Bmo, Canadians, Interest Rates, Mortgage Interest, Mortgage Payments, Mortgage Rates, Poll
Nearly 20 per cent of Canadians don’t know if they’ll be able to make their mortgage payments if interest rates increase, according to a poll released Thursday by Bank of Montreal – disturbing findings given that BMO expects the Bank of Canada to raise its benchmark rate by at least one per cent by the end of the year.
Many don’t know if they could make higher mortgage payments: poll
Tighter mortgage rules may yet save us from ourselves
Filed Under Main Content · Tagged: Cartoon Character, Mortgage Interest, People
People who remember the days when there was only one type of mortgage – with interest fixed at five per cent annually for the entire 25 years – will also remember the cartoon character Pogo saying: "I have met the enemy, and he is us."
Tighter mortgage rules may yet save us from ourselves
With low interest rates, is it time to reconsider your mortgage?
Filed Under Main Content · Tagged: Amp, Borrowers, Cloverdale, Fixed Mortgage, Fixed Rate Mortgage, Home Statistics, Invis, Low Interest Rates, Mortgage Consultant, Mortgage Interest, Mortgage Rate, Mortgage Rates, Senior Mortgage, Vancouver Sun, Variable Mortgage, Variable Rate
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?
CIBC: muted growth means Bank of Canada unlikely to raise rates till 2011
Filed Under Main Content · Tagged: Bank Canada, Bank Of Canada, Cibc Bank, Cibc Canada, Deep Dive, Fuel Oil, Interest Costs, Mortgage Interest, Natural Gas Fuel
The Canadian Press – Other non-core items such as natural gas, fuel oil and mortgage interest costs have also eased off. “The deep dive in non-core items has left those …
The Canadian Press: CIBC: muted growth means Bank of Canada unlikely to raise rates till 2011
