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Forum: Markham / Thornhill / Vaughan 2020-11-17, 02:16 PM
Replies: 260
Views: 47,002
Posted By MortgageGuy
Nov 17th Mortgage rate update :)

Only change in rates this week is a big one for the 5 yr Variable rate, now reduced to PRIME-1.10 or 1.39% today.(has to be an insured purchase, with a 90 day closing)
Lowest I have ever seen it....
Forum: Ottawa 2020-11-17, 02:15 PM
Replies: 1,414
Views: 425,332
Posted By MortgageGuy
Nov 17th Mortgage rate update :)

Only change in rates this week is a big one for the 5 yr Variable rate, now reduced to PRIME-1.10 or 1.39% today.(has to be an insured purchase, with a 90 day closing)
Lowest I have ever seen it....
Forum: Markham / Thornhill / Vaughan 2020-10-28, 03:54 PM
Replies: 260
Views: 47,002
Posted By MortgageGuy
Oct 28th Mortgage rate update...

Slight drop in insured pre-approval and purchase rates this week.
Still at all time lows, the 5 yr fixed rate for an insured purchase(less than 20% down payment) is at 1.60% (90 day closing)
1.69%...
Forum: Ottawa 2020-10-28, 03:52 PM
Replies: 1,414
Views: 425,332
Posted By MortgageGuy
POct 28th Mortgage rate update...

Slight drop in insured pre-approval and purchase rates this week.
Still at all time lows, the 5 yr fixed rate for an insured purchase(less than 20% down payment) is at 1.60% (90 day closing)
1.69%...
Forum: Markham / Thornhill / Vaughan 2020-09-28, 11:55 AM
Replies: 260
Views: 47,002
Posted By MortgageGuy
mortgage rate update Sept 28th

Realize it has been a long time since posting, I call it Covid time as it just seems like the year is flying by! Sorry about the long delay in answering..
So to first Perditions question...
When...
Forum: Ottawa 2020-09-28, 11:53 AM
Replies: 1,414
Views: 425,332
Posted By MortgageGuy
rate update Sept 28th

Realize it has been a long time since posting, I call it Covid time as it just seems like the year is flying by! :( Sorry about the long delay in answering..
So to first Perditions question...
When...
Forum: Markham / Thornhill / Vaughan 2020-08-14, 11:10 AM
Replies: 260
Views: 47,002
Posted By MortgageGuy
Stress test rate and weekend rates ;)

So bank of Canada has reset (reduced) the qualifying Stress test rate as of yesterday. Now sitting at 4.79%.
Every little bit helps!
https://www.cbc.ca/news/business/mor...test-1.5684685
The...
Forum: Ottawa 2020-08-14, 11:09 AM
Replies: 1,414
Views: 425,332
Posted By MortgageGuy
Stress test rate and weekend rates ;)

So bank of Canada has reset (reduced) the qualifying Stress test rate as of yesterday. Now sitting at 4.79%.
Every little bit helps!
https://www.cbc.ca/news/business/mortgage-stress-test-1.5684685...
Forum: Markham / Thornhill / Vaughan 2020-08-12, 10:52 AM
Replies: 260
Views: 47,002
Posted By MortgageGuy
August 12th Best Mortgage Rates...

No change in mortgage rates since last week.

Mortgage rates are as follows…Current 5 yr fixed rate, for an insured purchase is 1.99%
Current 5 yr fixed rate, with 20% down payment is now 2.19%...
Forum: Ottawa 2020-08-12, 10:51 AM
Replies: 1,414
Views: 425,332
Posted By MortgageGuy
August 12th Best Mortgage Rates...

No change in mortgage rates since last week.

Mortgage rates are as follows…Current 5 yr fixed rate, for an insured purchase is 1.99%
Current 5 yr fixed rate, with 20% down payment is now 2.19%...
Forum: Markham / Thornhill / Vaughan 2020-07-15, 04:19 PM
Replies: 260
Views: 47,002
Posted By MortgageGuy
July 15th Mortgage rate update...

So our mortgage rates continue to slip lower. Incredible never before seen rates if you are looking at purchasing a home today.
July 1st has come and gone where CMHC has cut back qualifying ratios...
Forum: Ottawa 2020-07-15, 04:18 PM
Replies: 1,414
Views: 425,332
Posted By MortgageGuy
July 15th Mortgage rate update...

So our mortgage rates continue to slip lower. Incredible never before seen rates if you are looking at purchasing a home today.
July 1st has come and gone where CMHC has cut back qualifying ratios...
Forum: Markham / Thornhill / Vaughan 2020-07-15, 04:13 PM
Replies: 260
Views: 47,002
Posted By MortgageGuy
Refinancing and increased home values..

I was asked the following question from an Ottawa member...
Hi Dan,
We are thinking to refinance giving that houses prices are on the rise. Do you recommend this now? We would like to own a second...
Forum: Ottawa 2020-07-15, 04:09 PM
Replies: 1,414
Views: 425,332
Posted By MortgageGuy
Refinancing and increased home values..

Hi Alsh,
You have two questions, is now a good time to refinance, the answer is yes as we now have the lowest rates in history at this time. Your second question I think though is, is this a good...
Forum: Markham / Thornhill / Vaughan 2020-06-05, 12:12 PM
Replies: 260
Views: 47,002
Posted By MortgageGuy
New CMHC guidlines to take effect July 1st, and rate update!

Yikes, effective July 1st, CMHC adding further restrictions to borrower qualifying :(
...
Forum: Ottawa 2020-06-05, 12:10 PM
Replies: 1,414
Views: 425,332
Posted By MortgageGuy
New CMHC guidlines to take effect July 1st, and rate update!

Yikes, effective July 1st, CMHC adding further restrictions to borrower qualifying :(
...
Forum: Markham / Thornhill / Vaughan 2020-05-27, 01:12 PM
Replies: 260
Views: 47,002
Posted By MortgageGuy
May 27th Mortgage Rate Update

So we have seen a slow but steady decline in mortgage rates since we have settled into this COVID19 nightmare, so hopefully as things normalize a little. we will also see an increase in the amount of...
Forum: Ottawa 2020-05-27, 01:12 PM
Replies: 1,414
Views: 425,332
Posted By MortgageGuy
May 27th Mortgage Rate Update

So we have seen a slow but steady decline in mortgage rates since we have settled into this COVID19 nightmare, so hopefully as things normalize a little. we will also see an increase in the amount of...
Forum: Markham / Thornhill / Vaughan 2020-05-06, 06:49 PM
Replies: 260
Views: 47,002
Posted By MortgageGuy
May 6th rate update...

Current rates as of today...
If closing with in 45 days, best rate for a 5 yr fixed, insured(less than 20% down payment) mortgage would be 2.39%.
If closing within 120 days, again insured, the rate...
Forum: Ottawa 2020-05-06, 06:48 PM
Replies: 1,414
Views: 425,332
Posted By MortgageGuy
May 6th rate update...

Current rates as of today...
If closing with in 45 days, best rate for a 5 yr fixed, insured(less than 20% down payment) mortgage would be 2.39%.
If closing within 120 days, again insured, the rate...
Forum: Markham / Thornhill / Vaughan 2020-04-30, 09:45 AM
Replies: 260
Views: 47,002
Posted By MortgageGuy
current mortgage rate update :) April 30th

So rates have started to slip back from the increases we saw when the Covid19 impacted our lives. In the beginning the banks were unsure of the risks that may be coming from lost jobs and the...
Forum: Ottawa 2020-04-30, 09:43 AM
Replies: 1,414
Views: 425,332
Posted By MortgageGuy
current mortgage rate update :) April 30th

So rates have started to slip back from the increases we saw when the Covid19 impacted our lives. In the beginning the banks were unsure of the risks that may be coming from lost jobs and the...
Forum: Markham / Thornhill / Vaughan 2020-03-30, 03:01 PM
Replies: 260
Views: 47,002
Posted By MortgageGuy
Bank Prime slashed again...

The Big 6 banks have dropped their Bank Prime lending rate by .50 after the Bank of Canada surprisingly dropped the Bank of Canada rate another .50% last Friday.
So generally the Bank Prime lending...
Forum: Ottawa 2020-03-30, 02:59 PM
Replies: 1,414
Views: 425,332
Posted By MortgageGuy
Bank Prime slashed again...

The Big 6 banks have dropped their Bank Prime lending rate by .50 after the Bank of Canada surprisingly dropped the Bank of Canada rate another .50% last Friday.
So generally the Bank Prime lending...
Forum: Markham / Thornhill / Vaughan 2020-03-28, 08:48 PM
Replies: 260
Views: 47,002
Posted By MortgageGuy
Collateral registration..

T.D, Tangerine(ING Direct was sold to SCOTIA, thus the name change to Tangerine), National Bank and Scotia ALL register EVERY MORTGAGE they do now as a collateral, so let the buyer beware. If I could...
Showing results 1 to 25 of 500

 
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