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Dec 7
2011

Bank of Canada Announcement: Dec.6, 2011

Blog posted by Cory Kline, AMP  ::  Views (4128)
The Bank of Canada rate remained unchanged yesterday.  Highlights of the report are summarized below. ~Uncertainty around the global economic outlook has increased. ~European recession will be more pronounced than expected. ~Recent economic data suggests an improved U.S. outlook.... [ more ]
Nov 17
2011

Market Comment

Blog posted by Cory Kline, AMP  ::  Views (5498)
The bond rate stayed low and stable all week. Continued concerns over the European Debt situation (now Italy) has kept it extreme low. There have been a few minor rate drops this week. Five year mortgages can be obtained as low as 3.29% (some conditions apply).   If you have a... [ more ]
Oct 25
2011

Bank of Canada Announcement for October 25th

Blog posted by Cory Kline, AMP  ::  Views (4033)  ::  (1 comments)
The Bank of Canada met today and saw no reason to move its key lending rate from 1.00%, where it has been for a little over a year. That's precisely what the market anticipated and it means prime rate (which is the basis for variable mortgage rates) should remain at 3.00%. The Bank of... [ more ]
Oct 4
2011

Quick tips for boosting credit...

Blog posted by Cory Kline, AMP  ::  Views (9037)
Planning ahead to ensure your credit is healthy before applying for a mortgage can translate into better mortgage rates and products, which can save you significant money throughout the term of your mortgage. Some tricks to improve your credit score... * Keep old cards. Older credit is... [ more ]
Sep 30
2011

Benjamin Tal: Unusually Uncertain Times

Blog posted by Cory Kline, AMP  ::  Views (7362)  ::  (2 comments)
Unusually Uncertain Times Last week I attended my annual conference with Neighbourhood Dominion Lending Centres and we had an outstanding array of industry experts for 2+ days.  The summary below from Dr. Tal, of CIBC World Markets is a must read. I have summarized 1.5 hours of great... [ more ]
Sep 30
2011

Cory's Mortgage Market Comment

Blog posted by Cory Kline, AMP  ::  Views (5785)
The bond rate again matched the low for the year, this past week. Pricing on variable rate mortgages has continued to change with discounts of prime less .4-.5% (2.50%-2.60%)becoming harder to obtain. There are no changes in the fixed rates, 5 year fixed money is as low as 3.29%. If you... [ more ]
Sep 14
2011

Mortgage Market Update by Cory Kline

Blog posted by Cory Kline, AMP  ::  Views (4664)
With heightened concerns on possible defaults in Europe, Our bond hit a new low for 2011. So far we have not seen any lender's drop their fixed rates. Fixed rates continue to be at record lows. If you have a variable rate of any more than prime or prime + or a fixed rate of 4.50% or more, we... [ more ]
Sep 7
2011

Bank of Canada Announcement- September 7,2011

Blog posted by Cory Kline, AMP  ::  Views (4986)
No change in the Bank of Canada rate today. This was largely expected.   They spoke of the following changes in their previous projections. "Increase in the European sovereign debt crisis". "The U.S. recession was deeper and recovery shallower than previously... [ more ]
Aug 12
2011

Cory's Mortgage Market Insight...

Blog posted by Cory Kline, AMP  ::  Views (4763)
The bond rate tumbled to new lows this week. This is certainly the lowest we have seen in the last 20-30 years! The lender's have been cautious about lowering their fixed rates so far. We do expect to see them do so if the cost of funds continue at the current levels.  The flood of money to... [ more ]
Jul 28
2011

Cory's Mortgage Market Update

Blog posted by Cory Kline, AMP  ::  Views (4629)
World markets continued to focus on the looming U.S. debt deadline. Bond prices continued to stay near lows for 2011. There were no changes in fixed or variable interest rates.  If you have a variable rate of any more than prime or prime + or a fixed rate of 4.75% or more, we should explore... [ more ]
Jul 21
2011

Bank of Canada stays put, but warns it won’t last forever...

Blog posted by Cory Kline, AMP  ::  Views (5004)
As was highly expected, the Bank of Canada (hereafter referred to as “the Bank”) held its benchmark overnight rate at 1.00% today; this rate has now been at this level since September 2010. In staying put, the Bank concluded that while the global economic recovery was... [ more ]
Jul 19
2011

Bank of Canada Announcement

Blog posted by Cory Kline, AMP  ::  Views (4774)
As expected the Bank of Canada kept its overnight rate at the same level. They did however comment on the strong possibility of future rate increases based on global and Canadian inflationary pressures. These pressures are being largely driven by higher energy and food prices. The Bank of... [ more ]
Jun 16
2011

Market Trends by Cory Kline

Blog posted by Cory Kline, AMP  ::  Views (5413)
The bond rate inched up the past week. There are no changes in short or long term rates. Concerns over the U.S. debt and the potential default in Greece are at the forefront of financial markets. This will likely keep the bond rates low in the short term.   We just had one of our major... [ more ]
Jun 1
2011

Bank of Canada Announcement: Cory Kline

Blog posted by Cory Kline, AMP  ::  Views (5384)
The Bank of Canada kept its rate unchanged yesterday morning. Their wording speaks to overall economic growth, inflation issues as well as the overall global situation. It is a cautious forecast which certainly reflects what is happening out on the street. We are all aware of the higher... [ more ]
May 27
2011

Mortgage Trends by Cory Kline

Blog posted by Cory Kline, AMP  ::  Views (7379)
"Mortgage shoppers are very happy with recent rate trends!  The 5-year government yield (which leads 5 year fixed rates) made a new five-month low today.The spread between 5-year posted rates and the 5-year bond yields is now the most its been since October, and 45 basis points above... [ more ]
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