Cayley Jorgenson - Licensed Mortgage Agent

10/23/2024

It feels great to see consistent rate cuts. Looks like another one December 11th as well.
While this doesn’t directly affect fixed mortgage rates, it does lower any variable rate mortgages and interest rates on Line of Credits.
This helps with affordability and purchasing power.
Let’s see if the fixed rates follow suit.

Jumbo Rate Cut by the Bank of Canada. The central bank cut the overnight rate by 50 bps to 3.75% as inflation has returned to 2% and excess supply remains.https://mailchi.mp/sherrycooper/jumbo-rate-cut-by-the-bank-of-canada

10/18/2024

Let’s cross our fingers for a 50 basis points rate cut next Wednesday!!🤞

Canadian inflation fell to 1.6% y/y in September, the smallest yearly increase since 2021.This raises the odds of a 50-bps rate cut next week.https://mailchi.mp/sherrycooper/canadian-inflation-fell-to-16-yy-in-september-the-smallest-yearly-increase-since-2021

09/24/2024

New rules for First Time Home Buyers coming December 15th.

⭐️Ability to get approved for a mortgage with a 30 year amortization with less than 20% down payment.

⭐️Ability to obtain an insured mortgage (less than 20% down payment) on a home priced up to 1.49M. It was previously up to $999,999.

This is the governments way of trying to make home buying more affordable for First Time Home Buyers.

If you are interested in learning more or want to explore your options reach out.

Cayley Jorgenson
DLC Homeline Mortgages
[email protected]

04/29/2024

Last free workshop of the Spring. Save your spot below.

Looking to buy your first home? With interest rates decreasing and more home options on the market, now is a great time.

Join us at this workshop Wednesday May 1st in Kelowna to gain all the information you need for the home buying journey.

We have door prizes!
Refreshments and snack provided by Rustic Reel and Green Thumb.

Register here:

https://www.eventbrite.ca/e/first-time-home-buyers-workshop-tickets-879629654977?aff=ebdssbdestsearch

04/23/2024

Let’s talk Mortgage Renewals!
Don’t assume your current bank or lender has the best rates available to you.
Reach out to me and I can shop around the best rates and mortgage for your needs now.
Remember I work for you and not the bank.
Happy to help you save money.
☀️🌸🪴

Cayley Jorgenson
[email protected]
https://cayleyjorgenson.ca

03/27/2024

Looking to buy your first home? With interest rates decreasing and more and more homes coming on the market, now is a great time.

Join us at this workshop Thursday April 4th in Kelowna to gain all the information you need for the home buying journey.

Registration link:

https://docs.google.com/forms/d/e/1FAIpQLSd3t-JZRsKxHGi7xWF2X3VINtkMo4nrxBHPEOaJdxbsS0Hq8A/viewform

03/25/2024

It's that time of year where many mortgage renewals are coming up.
It's my job to know what the best options are out there.
Renewing or taking out some equity by refinancing? Reach out and I can tell you what your best options are.😊

[email protected]

03/18/2024

You definitely need a broker on your side in the current mortgage rate environment.
Coming up to renewal? Don't think your "banks" renewal rate is the only option.
Mortgage brokers can:
-find the best option out there for you
-lock in a rate up to 120 days before renewal
-request a new mortgage rate if the rates decrease before your renewal/closing

Free to you, here to help!
[email protected]😊

03/13/2024

Spring is coming! We're seeing more and more properties listed every day throughout BC.
If you are looking to buy this spring or summer, get the process rolling by getting pre-qualified.
It lets you know your budget, gives you a stronger offer and helps avoid possible speed bumps in your buying process.

Rates are as low as 4.84% depending on qualifications, down payment and property.😃

Cayley Jorgenson
[email protected]

03/07/2024

No change to the overnight rate today.
There is a clear "be patient" message from the Bank of Canada about when we will see a rate drop from them.
Stay tuned for there next decision on April 10, 2024.🙂

12/06/2023

Yes! Bank of Canada holds its overnight policy interest rate at 5%. While we are excited to see the ease in rate hikes we are also being warned that there are risks to the outlook of inflation and essentially to not get too excited.

For people who are buying, refinancing or renewing over the next few months, it's important to know the following: will your bank, credit union or lending institution let you lower your contract rate if rates do fall before your "closing date" or "renewal date". Some will let you once, some more than once and some not at all. Make sure you know the fine print or reach out to a broker. We love fine print.