Below are the current rates my partners at Equity Plus Mortgages. If you have any questions or would like some help getting Pre Approved before the mortgage rules change contact me here. donmerrifieldjr@remax.net Welcome to the Feb 1st, 2011 Verico Equity
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The Federal Government is proposing new rules that will make it much more difficult for condo buyers to qualify for financing. Currently when applying for financing 50% of the condo fees have to be added to monthly debt. Under the new proposal 100% of
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Filed under: Market Conditions, Finances, cmhc, first time homebuyer information, mortgage rule changes, mortgage rules, high ratio mortgage changes, posted mortgage rate, interest rates, Canadian housing market, mortage rates, economic conditions, mortgage qualification rules
The Bank of Canada raised it's prime rate .25% today to 1%. This may result in higher mortgage rates depending on what the banks decide to do. The Bank of Montreal had just lowered it's 5 year rate, so we'll see today or tomorrow what they
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Filed under: Market Conditions, windsor real estate, windsor real estate for sale, bank rates, bank of canada, interest rates, don merrifield jr, Canadian housing market, mortage rates, bank of canada rates, economic conditions, bank of canada prime rate
The Royal Bank has raised their interest rates .25%. This is the 2nd rate increase in 2 weeks. Last week the major banks and most finance companies raised their rates .6%. This brings the total increase to .85% in 2 weeks. The RBC posted rate is now 6.1%
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Bank of Canada lowers overnight rate target by 1/2 percentage point to 1/2 per cent OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1/2 per cent. The operating
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The Bank of Canada in an effort to stimulate the economy has lowered the overnight lending rate .75% to 1.5%. Mortgage rates should go lower as a result in the next few days. Variable rate mortgages should adjust half to 75% soon. Ideally with interest
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