Go Back   BuildingHomes.ca - Building your community! > Ontario > Ottawa

Ottawa For those in Ottawa, Kanata, Stittsville, Orleans, Nepean. Mattamy, Minto, Bridlewood, Cardel, Claridge, Braebury, Monarch, Barrhaven, Half Moon Bay, Fairwinds, Findlay Creek, Notting Hill, West Pointe, Stonebridge, Edinburgh Common, Uniform at Orchard-Stonebridge-Barrhaven and more!


Reply
 
Thread Tools Display Modes
  #1301  
Old 2019-01-16, 03:19 PM
MortgageGuy MortgageGuy is offline
Senior Member
Regular User
 
Join Date: Jul 2008
Location: Ottawa, Ontario
Posts: 992
Default Mortgage rate update and a Great article

Mortgage rates are remaining stable, best 5 yr fixed closing within 90 days is 3.39% and 3.44% closing within 120 days. Both rates are for insured mortgages(less tan 20% down for a purchase.

Best 5 yr fixed for a purchase with more than 20% down is 3.69%, 120 day rate hold.
As last year, like it or not, those with less than 20% down payment are getting the best rates because they are insured mortgages.

I came across the perfect article for this time of year... https://www.moneysense.ca/save/finan...contributions/
Just remember that long term investing as they mention here is not looking one year out, to see if you're ahead, it is looking out maybe 10 years. History does show that you are usually way ahead investing for the long term.
Don't use 2018 as your example because you may have lost some money , but fear not, it always comes back in the long term if invested wisely.
I know this is a little off the mortgage topic, but to me, very important subject matter that should be seen by all.
Have a great day,
Dan
__________________
Dan Faubert
Ottawa-Carleton Mortgage Inc.
Brokerage Licence # 10419
dan@mortgagemoney.ca
www.mortgagemoney.ca
https://www.fb.com/OttawaMortgageMoney
"Great Mortgage Rates"

613-222-2624 anytime
Off 613-563-5070
Reply With Quote
  #1302  
Old 2019-02-05, 11:56 AM
MortgageGuy MortgageGuy is offline
Senior Member
Regular User
 
Join Date: Jul 2008
Location: Ottawa, Ontario
Posts: 992
Default Rate update and Yeah for Ottawa!!

Best rates as of Feb 5th...
5 yr fixed closing within 90 days 3.39%
5 yr fixed closing within 120 days 3.44%
5 yr fixed variable rate, Prime -1.05% or 2.90%
7 yr fixed at 3.64% closing within 120 days
10 yr fixed at 3.89% closing within 120 days
All above mortgage rates for owner occupied purchases, with less than 20% down payment(insured).

Rates have been stable for the last couple weeks with slight downward movement.
For complete terms and rates go to www.mortgagemoney.ca

Great news for Ottawa...
https://ottawacitizen.com/business/l...ner-since-2016
All you existing home owners out there have had a good return on your investment!
Have a great day,
Dan
__________________
Dan Faubert
Ottawa-Carleton Mortgage Inc.
Brokerage Licence # 10419
dan@mortgagemoney.ca
www.mortgagemoney.ca
https://www.fb.com/OttawaMortgageMoney
"Great Mortgage Rates"

613-222-2624 anytime
Off 613-563-5070
Reply With Quote
Reply

Bookmarks

Tags
mortgage, mortgage broker

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
When to get the Mortgage with a new home three star Financing, Mortgages and Insurance 10 2007-10-26 11:48 PM
Mortgage rates? KellyM Financing, Mortgages and Insurance 13 2007-06-25 03:23 PM
Mortgage Insurance coton Chit Chat 1 2007-04-01 05:51 PM
RBC Mortgage mavoledo Stouffville - Mattamy On Main and Wheler’S Mill 10 2006-08-29 01:06 PM



All times are GMT -4. The time now is 06:47 PM.



Copyright © PHAND Corporation
This document may not be used elsewhere without the expressed written consent of PHAND Corporation.
*** There is no association between this website and any builder. ***

Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2019, vBulletin Solutions, Inc.