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Old 12-15-2016, 01:52 AM   #21
Scrambler
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I have renewal coming up for Feb 1, 2017. I have been offered:

5 Year Fixed: 2.84%
5 Year Variable: Prime minus 0.35% (2.35%) Variable

"Accept or repay mortgage in full by Dec 18, 2016 your mortgage will be automatically renewed for a 6 month term at an interest rate of 6.30% per annum..."
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Old 12-15-2016, 08:02 AM   #22
Mortgage Made Easy
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Quote:
Originally Posted by Scrambler View Post
I have renewal coming up for Feb 1, 2017. I have been offered:

5 Year Fixed: 2.84%
5 Year Variable: Prime minus 0.35% (2.35%) Variable

"Accept or repay mortgage in full by Dec 18, 2016 your mortgage will be automatically renewed for a 6 month term at an interest rate of 6.30% per annum..."
Hi Scrambler, we can likely get better for both rate terms. Need to know a few details regarding your original mortgage. Will PM...
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If you have any questions please feel free to PM me or email puckforum@cgymortgage.com

Click here to View current Mortgage Rates

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Old 06-15-2017, 08:55 AM   #23
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Just a heads up regarding the pressure over the past few days with regards to the 5-Year Bond Yield.

With the announcement on Friday, June 9, 2017 regarding better than expected job numbers... and the media discussions about a Bank of Canada rate hike, we have seen the 5-Year Bond Yield jump.

If the pressure continues for any length of time, we could see rates increase. If you have a renewal happening in the next 120 days, looking to purchase or refinance and want to find out your options... PM, email us or give us a call - 403-648-1541 / tim@cgymortgage.com
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Tim & Colton
Mortgage. Made Easy Experts
Canada Mortgage Direct Inc
www.TimLacroix.com

If you have any questions please feel free to PM me or email puckforum@cgymortgage.com

Click here to View current Mortgage Rates

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Old 06-29-2017, 10:07 AM   #24
Mortgage Made Easy
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It has started... we have seen a couple of lenders starting to adjust rates.

The 5 Year Bond Yield is up... more changes to come this week and next. If anyone has questions, please call, email or PM.

On June 9th, the GOC was at 0.94% and as of this morning it is now trading at 1.36%.

Tim
403-648-1541
tim@cgymortgage.com
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Thanks,
Tim & Colton
Mortgage. Made Easy Experts
Canada Mortgage Direct Inc
www.TimLacroix.com

If you have any questions please feel free to PM me or email puckforum@cgymortgage.com

Click here to View current Mortgage Rates


Last edited by Mortgage Made Easy; 06-29-2017 at 11:16 AM.
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Old 07-13-2017, 02:46 PM   #25
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MORE PRESSURE ON RATES

We have received notice that another rate change is occuring. Likely an additional 0.25% increase on rates. This is not the same increase to Bank of Canada rate this is fixed rates due to the uptick in the 5 Year Bond Yield.

If you are buying, refinancing or have a renewal in the next 4 months... please do not hesitate to connect with us.
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Thanks,
Tim & Colton
Mortgage. Made Easy Experts
Canada Mortgage Direct Inc
www.TimLacroix.com

If you have any questions please feel free to PM me or email puckforum@cgymortgage.com

Click here to View current Mortgage Rates

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