Latest Mortgage News
5 Tips To Increase Your Chances Of Getting A Mortgage Approved
09 March 2021. Author: External
If you’re planning to buy a home, you’ll probably need to get a mortgage. Comparing mortgage rates is a good first step, but applying and getting approved for a mortgage is the most important part of the process. While it may seem difficult and daunting, with the right preparation, getting a mortgage approval can be a relatively smooth process.
Original Article Source Credits: Huffingtonpost
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Mortgage rates are starting to edge higher in Canada
09 March 2021. Author: External
Canadian mortgage rates are beginning to inch higher for the first time since before the COVID-19 crisis, reflecting the spike in long-term bond yields, but with home loans still languishing around historically low levels the modest hike is unlikely to slow the red-hot housing market.
Original Article Source Credits: Financialpost
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Canadian banks raise some mortgage rates, lower others
09 March 2021. Author: External
For the first time since the start of the COVID-19 pandemic, Canadian banks raised rates on fixed-rate mortgages. TD Bank (TD.TO), National Bank of Canada (NA.TO), HSBC (HSBC), Royal Bank (RY.TO), Scotiabank (BNS.TO), and BMO (BMO.TO) made moves in response to a rising yield on the Canada 5-year bond.
Original Article Source Credits: Yahoo Finance
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Canadians Take On Mortgage Debt at Fastest Pace in a Decade
09 March 2021. Author: External
Canadians binged on mortgage debt last year, increasing borrowing at the fastest pace in a decade to buy homes. Residential mortgage credit rose 7.7% in 2020 to C$1.7 trillion ($1.4 trillion), representing an annual increase of C$118 billion, according to data released Friday by Statistics Canada.
Original Article Source Credits: Bloomberg
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