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As funny as this video is, it does drive the point that the Banks are not your friends and the Mortgages offered are tailored for the Banks and not the consumer.
Word can spread pretty quickly in the Kitchener Waterloo mortgage Rate War world, and today has not been an exception to this. Case in point: BMO has recently announced an aggressive move to lower its 5 Year rate special to 2.99% in an attempt to move business and gain market share. 2.99% is an excellent rate, and is definitely worth considering – so why don’t we do just that… Let’s take a closer look at the BMO mortgage offering to see how special this special, really is.
The Bank of Canada exudes credibility. It’s an internationally respected central bank, it operates with minimal political interference and it has contained inflation for 22 years.
Ottawa -The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Now may not be time for brokers to take their foot off the gas, with rising home sales in June likely to zap the strength of the fall market, according to one economist, reflecting on interest rates.
The interest rate dilemma has arrived again for homeowners.
Ottawa - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Canadians end up paying off their mortgages in about two-thirds of the time originally intended, according to a new survey which questions whether Ottawa’s crackdown on the real estate market is needed.
Finance Minister Jim Flaherty is dismissing fears about Canada’s housing market, saying the current slowdown is welcome news and that there is no need for further government intervention.
Mark Carney will offer his last major economic forecast as Bank of Canada Governor today while probably keeping interest rates where they’ve been since September 2010 and signaling his replacement will also have little need to act.
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