#mortgageratedrop

Mortgage rates hit a new low, with Canadian bank posting below 1% 💡↓↓↓ HSBC has come out with a variable rate mortgage at 0.99 per cent, which industry watchers believe is the first such posted offer below 1 per cent ever in Canada. Time for renewal or getting a new mortgage? I am connected to some of the best mortgage experts in the business. Call Mike Bolger at (519) 616-2656 for more details. I look forward to your call. https://bit.ly/3gnUIv4

Why Are Some Mortgage Rates Rising? Fears over the COVID-19 pandemic and falling oil prices have caused mortgage rates to fall to multi-year lows over the past couple of weeks. According to Canadian Mortgage Trends, some lenders are actually starting to raise rates. Fixed rates on certain terms have been creeping back up, while some of the big banks have been quietly cutting their discounts on the prime rate. A host of other lenders have also been slashing their discounts from prime by anywhere from 20 up to 75 basis points. For those in the market for a new mortgage, and who are leaning towards a variable rate, experts recommend obtaining a rate hold as soon as possible. Have questions about mortgages? I am connected to some of the best Mortgage experts in the business. Call Mike Bolger at (519) 616-2656 for more details. I look forward to your call. http://bit.ly/2XZzD0F

Why are some mortgage rates rising? Fears over the COVID-19 pandemic and falling oil prices have caused mortgage rates to fall to multi-year lows over the past couple of weeks. According to Canadian Mortgage Trends, some lenders are starting to raise rates. Fixed rates on certain terms have been creeping back up, while some of the big banks have been quietly cutting their discounts on the prime rate. A host of other lenders have also been slashing their discounts from prime by anywhere from 20 up to 75 basis points. For those in the market for a new mortgage, and who are leaning towards a variable rate, some experts recommend obtaining a rate hold. Do you have questions about mortgages? I am connected to some of the best Mortgage experts in the business. Call Mike Bolger at (519) 616-2656 for more details. I look forward to your call. http://bit.ly/2XZzD0F

Canadian Mortgage Rates Most Likely To Climb, Despite Low Overnight Rate. ↓↓↓ According to BetterDwelling, Canadian homebuyers may be looking at higher mortgage rates sooner than expected. At least if they want to lock in their mortgage interest rate. The 5-year Government of Canada (GoC) benchmark bond yields in February are almost double last year’s lows. Since these rates influence 5-year fixed mortgages, they are likely to climb soon. As quickly as falling rates introduced market liquidity, rising rates may reduce it even if the next year's overnight rate remains untouched.  Time for renewal or getting a new mortgage? I am connected to some of the best mortgage experts in the business. Call Mike Bolger at (519) 616-2656 for more details. I look forward to your call. https://bit.ly/2XZzD0F