from bank to bank?
...when you can shop the
entire market with one call!
About Mortgage LogicFinding the right mortgage for your circumstances is important to us. As Accredited Mortgage Professionals (AMP) we offer the highest level of integrity, customer service and industry knowledge.
- Another announcement of stability today came from the Bank of Canada. No surprise as Canada follows on the heals of the U.S. in monetary policy. No rate change by the BoC. This marks more than three years that the BoC’s key rate has stood at 1% and Canadian Prime rate at 3%. The talk now is that it will be well into 2014 before any central bank rate increases. Meanwhile the bond market and fixed mortgage rates have been through… Read More
- As we get further away from the financial crisis of 2007/08 and the economy of the U.S. continues to get back on track we will slowly see interest rate pricing normalize for mortgages. This means that the difference in the pricing between fixed rate mortgages vs. adjustable rate mortgages (ARM's) will again favour ARM's, as history proves it normally does in the U.S. and Canada. Below is an article written in an August issue of Boomberg Businessweek that examples this current trend: By… Read More
- The BoC has again decided to leave it's key overnight lending rate at 1%, where it has been for almost three years now. New BoC governor Stephen Poloz, has warned that the Alberta flood and the Quebec construction strike of recent weeks will have a negative effect upon the Canadian eceonomy in 2013. Further he is concerned about the forecasts for the U.S., European, Chinese and global economies as a whole, as compared to the BoC's April outlook. In summary… Read More