Agent Blogs

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Sep 19
2014

Cory's Mortgage Market Update

Blog posted by Cory Kline, AMP  ::  Views (2202)
Bond rates have continued to rise. We have seen several rate hike warnings and a few lenders make small upward adjustments. 5 year fixed rates are still in the high 2 % range with variable rates in the 2.35-2.55% range. If you have a variable rate of any more than prime +.25 or a fixed rate... [ more ]
Jul 31
2014

Cory's Mortgage Market Update

Blog posted by Cory Kline, AMP  ::  Views (2102)
The bond rate has continued to inch downwards the past several weeks. 5 year funds are in the high 2% range(2.89-3.04%) range.   Variable rate mortgages are in the 2.35-2.45% range. If your mortgage is renewing in the next 6 months or you are thinking of refinancing, I strongly... [ more ]
Apr 28
2014

CMHC is making changes to the Self Employed Program

Blog posted by Cory Kline, AMP  ::  Views (2529)
CMHC is Changing Its Mortgage Insurance Product Offerings Effective May 30, 2014   Discontinuation of CMHC Self-Employed Without Traditional Third Party Validation of Income Operational Questions and Answers 1) Will self-employed borrowers still be eligible to access CMHC... [ more ]
Apr 28
2014

CMHC Will No longer Insure Second Homes...

Blog posted by Cory Kline, AMP  ::  Views (2581)
CMHC is Changing its Mortgage Insurance Product Offerings: Effective May 30, 2014 Click to read the full article from CMHC Discontinuation of CMHC Second Home Product Questions and Answers    1) Does this mean that a borrower/co-borrower who wishes to purchase a property for... [ more ]
Apr 14
2014

Mortgage Market Update

Blog posted by Cory Kline, AMP  ::  Views (2270)
The bond market has softened slightly the past week. There have been no changes in fixed or variable rates. 5 year fixed rates remain in the 2.98%-3.19% range. Variable rate mortgages are available in the 2.35-2.55% range. The Bank of Canada will have their press release on April 16th... [ more ]
Feb 24
2014

Mortgage Market Update

Blog posted by Cory Kline, AMP  ::  Views (2083)
Market Update The interest rate market was extremely steady the past week. We currently have 5 year money in the 2.99-3.49% range. Variable rates continue to be an attractive option with rates around 2.50-2.60%. With the Bank of Canada meeting in the next couple of weeks, we do not expect any... [ more ]
Feb 14
2014

Facts about Valentines Day….

Blog posted by Cory Kline, AMP  ::  Views (2325)
When did it all start? There are various theories on the origin of Valentine's Day, but the most popular dates back to the time of the Roman Empire during the reign of Claudius II, 270 A.D. Claudius didn't want men to marry during wartime because he believed single men made better... [ more ]
Feb 14
2014

CMHC Cutbacks Announced

Blog posted by Cory Kline, AMP  ::  Views (1956)
The budget announcement quietly slipped in changes to government-backed mortgage insurance, including reductions to the amount of new guarantees CMHC will provide. “The Government continues to adjust the housing finance framework to restrain the growth of taxpayer-backed mortgage... [ more ]
Jan 27
2014

2014 Prime Rate Update

Blog posted by Cory Kline, AMP  ::  Views (2018)
Bank of Canada maintains overnight rate target at 1 per cent Bank of Canada, Jan 22, 2014 Ottawa The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.... [ more ]
Jan 27
2014

Bank of Canada leaves door open to rate cut as concerns of weak inflation grow

Blog posted by Cory Kline, AMP  ::  Views (1682)
Bank of Canada leaves door open to rate cut as concerns of weak inflation grow Gordon Isfeld | January 22, 2014 Last Updated: Jan 23 12:24 PM ET OTTAWA — Canada’s economy is expected to tag along with the stronger U.S. recovery as it picks up speed — but, for now, it... [ more ]
Jan 27
2014

Cory's Mortgage Market Update...

Blog posted by Cory Kline, AMP  ::  Views (1237)
As expected the Bank of Canada did not move their trend setting rate last week. Bank prime remains unchanged at 3%.The bond rate has continued to fall as of this morning, it is down 35 basis points from the 1st of January. Several banks lowered their 5 year fixed rates by 10 basis points last... [ more ]
Oct 31
2013

Cory's Mortgage Market Update

Blog posted by Cory Kline, AMP  ::  Views (1546)
Bond rates have continued to inch downward the past week. If this continues, we will likely see some further softening of long term rates. Several lenders did lower their rates by 10 basis points. 5 year rates continue in the 3.49-3.89%. Variable rates are increasingly becoming a more attractive... [ more ]
Oct 23
2013

Bank of Canada Announcement

Blog posted by Cory Kline, AMP  ::  Views (1511)
There was no change in today's press release. Their overall message of keeping Bank prime the same has not changed. Bank prime remains at 3%. This means no changes in variable rate mortgages or line of credit rates. Five year money ranging from 3.59-3.89% and 10 year money from 4.39% range.... [ more ]
Oct 4
2013

Cory's Mortgage Market Update

Blog posted by Cory Kline, AMP  ::  Views (1604)
No change! Rates have remained steady this past week as a result of very little movement in the bonds. 5 year funds are available in the 3.69-3.89% range.10 year funds are in the 4.39% range.Variable rate mortgages are available as low as 2.55%. If you have a variable rate of any more than... [ more ]
Sep 4
2013

Cory's Mortgage Market Comment

Blog posted by Cory Kline, AMP  ::  Views (1842)
There was no change in today's press release. Their overall message of keeping Bank prime the same has not changed. Bank prime remains at 3%.     This means no changes in variable rate mortgages or line of... [ more ]
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