Lucky Phomsaphao - Mortgage Agent

09/19/2022

Hey Everyone :)

I am still a licensed mortgage in Ontario, feel free to ask me any questions with what's going on with inflation, interest rates or anything mortgage related!

Cheers

Lucky
519-635-2068
[email protected]

04/13/2022

Rates increasing by 0.50

If you're in a variable rate, please contact me and see what is your best options are.

The Bank of Canada raised its key interest rate by the highest amount in more than 20 years and warned more rate hikes are coming as it increased its outlook for inflation.

04/12/2022

If you missed Mortgage Mondays yesterday, here's the link to the video! Mortgages on cottages

https://www.instagram.com/tv/CcOTv20BRbB/?igshid=YmMyMTA2M2Y=

04/08/2022

Mortgage rates are very volatile right now. Message me for mortgage renewal and refinance options!
We can lock in your rate for up to 120 days.

04/07/2022

Looking to refinance your mortgage but got declined from the bank?

I have no stress test options for you

Let me know if you have any mortgage questions

[email protected]
519-635-2068

03/25/2022

Mortgage rates continue to rise this week!

If your mortgage is coming due for renewal lets chat about your options.



[email protected]
519-635-2068

03/16/2022

I apologize for being away from social media! I am still an active mortgage agent, feel free to message me with any of your mortgage questions. :)

Recent news:
- Rising interest rates
- Housing market is still hot
- Alternate mortgages becoming more popular

Enjoy the beautiful day tomorrow!

Lucky Phomsaphao
Mortgage Agent
[email protected]
519-635-2068

Mortgage InGenuity Inc. Mortgage Architects Brokerage: 12468
178 Victoria Street S, Kitchener, ON N2G2B9

09/07/2021

A start up company in Ottawa is piloting an online live auction for real estate transactions. This will be very helpful for buyers and save money on commission for sellers.

Will be interesting to see if this becomes live and how it will effect the housing market.

More than three-quarters of Canadians (77%) believe home prices in suburban and rural areas have risen to unsustainable levels, and most feel that ultra-low interest rates are to blame. A full 8 out of 10 people say low borrowing costs are to blame for the recent run-up in home prices, according to....

05/05/2021

https://www.bnnbloomberg.ca/toronto-housing-market-stalls-in-april-as-prices-slip-from-record-high-1.1599198

Runaway home-price growth in Canada's largest housing market stalled last month amid signs prospective homebuyers could be tapped out.

03/04/2021

https://ca.finance.yahoo.com/news/canadian-banks-raise-some-mortgage-rates-lower-others-192709963.html?guccounter=1

For the first time since the start of the COVID-19 pandemic, Canadian banks raised rates on some fixed mortgages. TD Bank, National Bank of Canada, HSBC, Royal Bank, Scotiabank, and BMO made moves in response to a rising yield on the Canada 5-year bond. Posted rates remain the same, but special rate...

02/01/2021

01/21/2021

https://www.cbc.ca/news/business/bank-of-canada-rate-decision-1.5880264

Rates remain low for the foreseeable future.

The Bank of Canada elected to keep its benchmark interest rate steady at 0.25 per cent on Wednesday, reiterating its pledge to keep it there "until the recovery is well underway."