Crazy 5 Year Fixed 2.94%!

Anyone interested in the all time lowest 5 year fixed mortgage rate in Canadian history!? As you likely know, most home owners prefer 5 year variable mortgages because they have proven to save more money long term … this is still the “top” choice. Meanwhile; for those that may be unsure that a variable mortgage is right for them (currently…

Mortgages News – Fixed Rates Drop!

Interest rates have become lower over concern about global economic growth. If you are considering a five-year fixed-rate mortgage that’s great news as they have have recently come down to levels that are close to their all-time low. Courtesy of CanadaMortgageNews… We haven’t seen the bond market this low since November 2010. The current 5 year Canadian Bond yield is…

A Deadline You Need to Know About

New mortgage rules come into effect in one week folks! Check out this info from Peter Majtheynji from My Mortgage Planner to find out how it could affect you…. By now, you have heard that Canada’s Finance Minister, Jim Flaherty, has initiated further changes in the mortgage industry that will take effect March 18, 2011. This is an effort to…