Today we have major banks making adjustments to their residential mortgage rates, which will take effect June 25th, 2010. The adjustments made today is decreasing mortgage rates by 0.10%, which is somewhat of a surprise seeing as the Bank of Canada recently increased the overnight rate by 0.25% to 0.50%. The banks, which have made

According to a top economist with BMO Capital markets, higher than expected rates of inflation and reports of record breaking sales means that we will be seeing interest rate hikes are likely to follow. However, the domestic strength may not be enough to justify increases if the chaos in the global markets continues. Doug Porter,

TD Canada Trust has changes it mortgage rates, these changes rates have been in effect as of May 21st, 2010. With these recent changes it makes you wonder whether or not we will see the rate hike starting next month, not to mention whether the global financial markets will influence there to be a rate

Royal Bank of Canada (RBC) is lowering its rate for its five year mortgages, making this the second reduction for the month. RBC has decreased its five year mortgages by about one-tenth of a percentage point to 5.99%. At the beginning of the month, the five year mortgage rate started at 6.25%, but it was

National Bank Financial Group has adjusted its rates for residential mortgages for the second time in the past week. These new rates are effective as of May 14th, 2010. The new rates as follows: TERM CURRENT RATE (%) NEW RATE (%) CHANGE FIXED-RATE OPEN TERM 6 months open 7.000 7.000 0.000 1 year open 7.250

If you’ve been scanning the property listings lately in order to buy a house or need to renew your mortgage soon, chances are you’ve heard that mortgage rates skyrocketed last month with the popular 5 year fixed rate going up by 1%. Include this with escalating property prices and stories of house hunters bidding over

BMO Bank of Montreal has changed its residential mortgages; these changes are to take effect as of May 13th, 2010. As mortgage rates are still low, combined with the expected cooling of house prices, buyers on the market can expect to see much support in affordability when purchasing a home. The new rates are as