The 2.99 per cent five-year fixed is back
The rate that attracted Jim Flaherty’s scorn is back, with at least two mortgage brokers offering a 2.99 per cent five-year fixed rate mortgage.
Experts: Rates to rise
Experts agree mortgage rates will rise over the course of the next month, despite RBC cutting its rates by 10 basis points over the weekend.
Brokers apprehensive about potential B-21
Brokers may not buy into Realtor optimism, with two industry players taking to MortgageBrokerNews.ca’s comments section to air their fears of the impending B-21 guidelines.
Best MBN debate of 2013
The comments section of MortgageBrokerNews.ca provides a soundboard for brokers to critique, lambast or applaud our articles (and, in some cases, fellow commenters). 2013 provided its fair share of heated debate but one particular story about renewal business – and the value brokers can add to win business – stoked the fires and, in some cases, the ire of several opinionated readers.
Broker: Expect tighter underwriting in 2014
One leading industry player foresees tightened mortgage lending regulations in 2014, which may affect the broker industry more than its banker rivals.
Broker: Buydowns have greater effect on broker networks
Rate buy downs affect broker networks more than they do individual brokers, suggests one leading industry player, and 2014 will foster even more of these types of deals as brokers try to compete in an increasingly competitive environment.
Broker forecast: Banks have advantage in 2014
One leading broker is staring into his crystal ball and forecasting another year of competitive advantage for the bank branch in one or two key areas.
Experts: Expect year-end rate drop
As the year comes to a close RateSupermarket.ca’s expert panel is echoing the same sentiment it has held for the past two months: Rates will continue to drop.
Experts: Mortgage rates will decline further
The waning year has seen a rate rollercoaster as historically-low fixed rates shot up before descending once again; and the expert panel assembled by RateSuperMarket.ca expects that slow descent to continue into the end of the year.
Experts: Mortgage rates will decline
Brokers and their clients, as reluctant as they may be, may owe tea partiers in the United States a vote of thanks as their antics are expected to lower fixed rates in the short term in Canada.