New mortgage rules leave homebuyers confused
Filed Under Main Content · Tagged: Canadian Mortgage, Current Mortgage, First Time Homebuyers, Fixed Mortgage, Fixed Rate Mortgage, Insurance, Interest Rate, Mortgage Buyers, Mortgage Corp, Mortgage Insurance, Mortgage Lending, Mortgage Rate, New Mortgage, Variable Mortgage, Year Fixed Rate Mortgage
Financial Post- Under current mortgage-lending rules, buyers with a down payment of less than 20% of the purchase price must purchase mortgage insurance, with the most common source being Canadian Housing and Mortgage Corp. The new rules affect only customers that are required to purchase the insurance.
Under the new rules, all buyers requiring mortgage insurance will have to meet the "ability to pay" for a higher, more expensive five-year fixed-rate mortgage even if they choose a mortgage with a lower interest rate and a shorter term.
"It’s not just first-time homebuyers who are affected. It’s anyone who wants a variable mortgage rate now who doesn’t have one already, they now have to qualify at a higher interest rate. Some of them won’t qualify…
New mortgage rules leave homebuyers confused
Mortgage-rate rush helps push up Lower Mainland prices
Filed Under Main Content · Tagged: Fraser Valley Real Estate, Greater Vancouver, Low Mortgage, Lower Mainland, Mortgage Rate, Mortgage Rates, Real Estate Boards, Real Estate Prices, Rebound, Rose, Rush, Valley Real Estate, Vancouver Sun
The Vancouver Sun- Real estate prices rose again in August and were approaching their levels of a year ago, numbers released Wednesday by the Greater Vancouver and Fraser Valley real estate boards showed.
Market watchers, surprised by the strength of the rebound, said it appeared buyers were cashing in on record-low mortgage rates while they last…
Mortgage-rate rush helps push up Lower Mainland prices
Canada finds itself in a ‘credit deadlock
Filed Under Main Content · Tagged: Basis Points, Calgary Ab, Calgary Canada, Calgary Herald, Canada Credit, Colleague, Deadlock, Mortgage Rate
Calgary Herald – AB, Canada An FP colleague who renegotiated her mortgage in September says her mortgage rate — prime, minus 75 basis points — will fall to an astonishingly low 2.25% …
Canada finds itself in a ‘credit deadlock
THREE STATS YOU JUST CAN’T BE WITHOUT ON A SATURDAY: THE WEEK IN ECONOMICS – reportonbusiness.com:
Filed Under Main Content · Tagged: 30 Year Fixed Rate, 30 Year Fixed Rate Mortgage, Economics, Fixed Rate Mortgage, Globe And Mail, Mail Canada, Mortgage Rate, Mortgage Rates, Nbsp, Reportonbusiness, Year Fixed Rate Mortgage
Globe and Mail – Canada The Fed’s deep rate cut earlier in the week triggered a slide in mortgage rates, sending the 30-year fixed-rate mortgage rate down to 5.28 per cent mid-week …
reportonbusiness.com: THREE STATS YOU JUST CAN’T BE WITHOUT ON A SATURDAY: THE WEEK IN ECONOMICS
