Mon, March 29 2010 10:13 amMortgage/Financeleave a comment

Mortgage Rates on the Rise

RBC, TD hike mortgage rates Other banks expected to follow suit Royal Bank and TD Canada Trust announced Monday they are increasing several mortgage rates by up to 6/10ths of a percentage point. The biggest jump is attached to the popular five-year fixed closed rate, which moves from 5.25 per cent to 5.85 per cent at both banks. That's the posted rate, which is routinely discounted by the big banks. RBC's new discounted rate for the five-year term also rises 6/10ths of a percenta....

Mon, February 8 2010 4:03 pmMortgage/Financeleave a comment

Interesting article in Globe and Mail today

Interesting article in Globe and Mail today Ottawa has no intention to tighten mortgage rules   Banks concerned about surging home prices   Ottawa says housing bubble not a concern No plan to tighten mortgage rules Bill Curry and Kevin Carmichael Monday, February 08, 2010 IQALUIT — Finance Minister Jim Flaherty appears to have no immediate plans to tighten Canadian mortgage rules despite the advice of senior bankers concerned about surging home prices. Mr. Flahert....

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