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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.
- When the BoC says: “The global economy is evolving largely as anticipated”, it really means: There isn’t a whole lot that has changed since the last time we said something and rates are not changing! In summary: the Canadian economy is beginning to show signs of slowing down, while the U.S. economy is showing some really good signs of recovery. The U.S. will not be in a position to raise central bank rates for more than a year, likely much… Read More
- 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