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5 reasons why a fixed-rate mortgage could be your best bet

December 15, 2011 by  
Filed under Latest News, Latest Rates, Mortgage FAQ, Recent News

It’s a decision that millions of Canadian homeowners struggle with repeatedly during their time as homeowners: Do they choose the security of a fixed-rate mortgage, or opt for the flexibility (and usually lower cost) of a variable rate and hope that rates don’t spike higher? But right now, conditions in the mortgage market mean homeowners […]

Is it time to lock into a fixed-rate mortgage?

It’s one of the most agonizing decisions homeowners make: Do you go fixed or variable? Mortgage, that is. The decision could end up costing – or saving – big bucks on what is often the single biggest purchase many will make. Research shows that, in the past, a variable-rate mortgage has been cheaper than a […]

Fixed Rate Mortgages Closing the Gap on Historically Favoured Variable Rate: BMO Economics

BMO Economics report presents both sides of fixed vs. variable debate While historic trends favour variable, the current interest rate environment makes it a much closer call than ever BMO recommends Canadian home buyers ‘stress test’ their mortgage based on a higher interest rate TORONTO, September 9, 2011 – With interest rates hovering near record lows, many Canadians […]

Tweaked ARM addresses broker concerns over alternative lending

With tweaks to its variable-rate mortgage, Equitable Trust is acknowledging what many brokers fear: one or two years on the alternative side can improve a client’s credit, but often isn’t enough to get them into the A sphere. “Every borrower who goes to the Alt-A/B sphere aims to be there only for one or two […]

Putting Rates in Neutral

Neutral isn’t what it used to be—not with the Bank of Canada’s key interest rate anyhow. In the modern era of monetary policy, the neutral policy rate (NPR) has averaged about 4.20%, according to BMO. Today, BMO, TD, CIBC and others say it’s closer to 3.00%…or less. (Economists have lately been ratcheting down their estimates of the NPR.) If you hold […]

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