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Inflation rate drop likely to ease pressure on rate hikes

After a well-worded warning that the Bank of Canada may be forced to raise interest rates earlier than expected, Mark Carney may have to wait, as Canada’s annual inflation rate for March dropped below the bank’s target.

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Bank of Canada suggests rate hikes soon ...
The Bank of Canada met on Tuesday for the 3rd of eight scheduled meetings this year to set the Bank of Canada rate. As expected, no rate change… But there were some language in the meeting that suggests we could start to see rates go up as early as this year

 

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Bank of Canada Holding Pattern Pleases Brokers

A domestic economy regaining ground alongside its U.S. counterpart wasn’t enough stimulus for the Bank of Canada to increase its key overnight rate Tuesday, with the growing threat of global oil prices and uncertainty in Europe encouraging it to maintain the status quo.

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Tightening of Mortgage Lending Rules Again?

The irony that bankers dangling some of the lowest rates in history are also asking Ottawa to tighten mortgage rules hasn't been lost on the Finance minister, now suggesting he'd rather sit pat.

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Two-thirds of people looking to lock in to fixed mortgages: study

Canadian homebuyers are looking for security and certainty with locked-in mortgages at fixed interest rates, a new Bank of Montreal study shows.

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Is a mortgage broker the right choice?

With the Royal Bank of Canada's March 7 announcement that home prices are softening and overall affordability is on the rise, now is a good time to buy a home in Canada.

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Yields Break Out

Some of the most competitive lenders in the market are boosting fixed rates by 10+ basis points, effective tomorrow.

It comes on the heels of today’s upside breakout in bond yields.

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Blends, Extends and Early Renewals
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Higher interest rates for conventional mortgages - Better rates for Hi-Ratio mortgages

Some mortgage lenders recently have been dropping there promotional lower rate mortgages on conventional deals (deals with at least 20% down payment or equity in the property) as Canada Mortgage and Housing Corp. is cutting back on mortgages it insures as the Crown corporation edges closer to a $600-billion cap imposed on it by the federal government, the Financial Post has learned.

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BMO’s No-Frills 2.99% mortgage offer is not ground breaking…just another trap by the Big Banks.

EXTRA, EXTRA, READ ALL ABOUT IT…. 5 years fixed No-Frills mortgage for 2.99% by BMO….wow, can you believe it?    Well, don’t get too excited…  At CanadaMortgageNews.ca we give you the straight talk…  and guess what, No-Frills mortgages aren’t anything new…

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Economic conditions could force changes to mortgage rules

Rising household debt, limited consumer demand and European economic instability could impact Canada's housing market this year, and some experts believe the Canadian government could again tighten mortgage regulations.

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Amazing what a simple refinance can achieve ...

It’s now January 2012, high canadian consumer debt load is in all the news media, your New Years resolution might have been to work on reducing your debt, so here's a great way of looking at it. Fixed mortgage rates are at historical lows…a 5 year fixed rate can be had for 3.39% and in some cases, even 3.29%.   Does it make sense to refinance your mortgage and consolidate that car loan, student loan, credit card, line of credit or other debt?   The answer is an overwhelming YES!

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Improving Your Credit Score

Some people may find that their credit rating needs improvement if they are going to lock in a loan at an affordable interest rate.

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Should I Refinance?

Refinancing can help you accomplish your financial goals by providing you with the means to reduce the amount of interest that you pay over the term of the loan and/or by reducing your payment to increase your monthly cash flow

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Want a great investment ... try south of the border.

Joe Waddell got the best cross-border bargain of his life last year — a three-bedroom, 1,700-square-foot condo for just under $120,000 (U.S.).

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