Not the Time for a 10-year Fixed – Consult with a Vancouver Mortgage Broker

OK let’s rephrase that. It’s not the time for a 10-year fixed for well over 90% of Canadianmortgagors. There was a time last year when thespread between 10-year and 5-year fixed rates was below 3/4 of a percentage point. That made even the 10-year scoffers among us rethink our positions. But spreads are now back over […]

Mortgage rate hikes shouldn’t torpedo the housing market – Ask a Vancouver Mortgage Broker

LARRY MACDONALD- Special to The Globe and Mail Many housing bears think that the recent increase in mortgage rates is the beginning of the end for the Canadian housing market. I’m not convinced; here are some reasons why. Fixed-mortgage rates have gone up because they are tied to bond yields, which have been rising lately. That’s […]