Verico Compass Lendingmax - Mortgagekey, Mortgage Brokers

01/04/2024

Here's 2024 Bank of Canada interest rate announcements schedule.

01/04/2024

Here’s a snapshot of the mortgage interest rates for 2023, including December. There were indications that the BOC and Fed are done with the rate increases and the markets reacted -> the bond yields dropped and the fixed rates followed. The prime rate (and variable rates) remained unchanged (for now).

03/03/2022

This morning the Bank of Canada increased its key interest rate by 0.25%.
This is the first time since the benchmark rate was dropped to its rock-bottom level at the start of the pandemic.

How will this affect you?

If you have a variable rate mortgage with the adjustable payment your payment will increase about $12 for every $100,000 borrowed.

Keep in mind the variable rate is still extremely attractive option as it is about 1.5% lower than the current fixed rates.

Which one is the best option for YOU?
Does it affect your BORROWING POWER?
Should you LOCK INTO FIXED?
Can you still SAVE MONEY?

Let’s talk!
📲250.826.7626
📩 [email protected]

02/26/2022

These low interest rates won’t be around forever.
Don’t miss your chance to improve your cash flow, pay off high interest debt, pay for the home improvements or simply access the equity in your home!
Share with your friends, family and clients to better their financial situation!

📲250.826.7626
📩 [email protected]

11/17/2021

03/09/2021

Follow the link to find out more about mortgage rates.
Let’s chat about your situation.
📲250.826.7626
📩 [email protected]
https://brokerk.ca/general/tell-mortgage-rates-will-go/