If you have been wondering when to lock in your interest rates or ensure you have a rate hold, it looks like now is the time.
The Globe and Mail posted this yesterday:
"Royal Bank of Canada, the country's largest bank, has raised mortgage rates again. The move, which will result in a 0.25 percentage point increase in the cost of a number of fixed-rate mortgage products that the bank offers, ...
Posted by Patrick Galesloot
on April 14, 2010
Have we seen the bottom?
This past week has been interesting. The Canadian dollar soared 7 cents to over 91 cents US. Gas prices went up almost 7 cents per litre since Wednesday. I just read an article talking about a very active bond market. Now mortgage rates are on the rise to 3.79% from 3.55%. Is this the end of low rates? I would think by July we will be above 4% and steady. I can not see our ...
Posted by Ken Devoe
on May 30, 2009
Last week in real estate was another steady week. Friday was a highlight on the financing front when it was annouced by mortgage brokers the 5 year rate was available at 3.99%.
Yes 5 year mortgage at 3.99%!! Wow record low rates combined with excellent selection and buyer negotiating ability makes for an ideal time to buy real estate. Today I spoke with Scott at Regional Mortgagevia ...
Posted by Patrick Galesloot
on March 24, 2009
March continues to roll along following the increase in volume that occurred in February.
Weekly Numbers:
We noticed a slow down in the number of listings coming on. This is a positive sign for sellers already on the market, they enjoy the decrease in competition. This is not a trend yet we shall continue to monitor the weekly movement as well as monthly.
March at a glance:
...
Posted by Patrick Galesloot
on March 18, 2009
A busy few days kept me from updating on how February ended in Red Deer. It ended on a positive note. After experiencing a few months of sluggish sales we experienced an increase over January.
The bulk of the activity is occurring in the $250 - $350,000 range. The activity that occurred in January in that range probably pushed the wave up into higher ranges for February. ...
Posted by Patrick Galesloot
on March 8, 2009
I’ll tell you, it’s a good thing. A rate drop means that borrowing money to buy a house or that line of credit is cheaper. Those home equity lines of credit with variable rates are looking pretty darn good these days. Now this budget delivered today would have us getting credits and reductions. Putting more money into our pockets to buy the things we need. This combined with some of ...
Posted by Patrick Galesloot
on January 27, 2009