Dec 12 Update - Mortgage Rates Increasing

[Scrambler]

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..."

[Mortgage Made Easy]

Originally Posted by Scrambler

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...

[Mortgage Made Easy]

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

[Mortgage Made Easy]

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

[Mortgage Made Easy]

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.

[Mortgage Made Easy]

More pressure... more fixed rate increases!

The 5-Year Bond Yield is up and we are likely going to see rate increases soon... one lender has already increased.

Reach out for a no obligation call to discuss your options. If you are buying, refinancing or renewing in the next 4-6 months, give us a call or email.

[Mortgage Made Easy]

Heads Up !!

Rates are on the rise again... approx. 0.15% increase to existing 5-year fixed rates.

5-Year Bond Yield is compressing margins and another rate increase.

We can protect rates up to 120-days on purchases, renewals and refinances.

[Mortgage Made Easy]

Good morning everyone...

Heads Up !!

Rates are on the rise again... a few lenders have adjusted and some have not but likely the rest will follow suit next week.

5-Year Bond Yield

We can protect rates up to 120-days on purchases, renewals and refinances.

[Mortgage Made Easy]

Rates are on the rise again... a few lenders have adjusted and more to come. Increase of another 0.10% or more.

5-Year Bond Yield

We can protect rates up to 120-days on purchases, renewals and refinances.

[Mortgage Made Easy]

Fixed rates are on the rise again!

We have seen a couple of lenders make moves last Friday (Sept 28) and with the Trade deal reached with USA, we will likely see others change this week.

5-Year Bond Yield

We can protect rates up to 120-days on purchases, renewals and refinances.... which puts protection until end of January 2019.

[Mortgage Made Easy]

We are likely to see fixed rates start to increase a little with the increase to the 5-Year Bond Yield.

The market has creeped up since last weeks announcement of increased jobs and unemployment being down for Canada.

If you have a mortgage renewing or purchasing a home in the next 4 + months, give us a shout.

[Mortgage Made Easy]

BUMP

Dec 12, 2019--- UPDATE

RBC Announced an INCREASE to mortgage rates effective Dec 17, 2019.

3-year rates will increase by 0.10%
5-year rates will increase by 0.20%

Pressure on rates are increasing since the Bank of Canada announcement on Dec 4 ---->>>> 5-Year Bond Yield.

If you have a mortgage renewing or purchasing a home in the next 4 + months, give us a shout. Rates can be held for up to 120-days.