Harry Szuto - Mortgage Agent Level 1 at Mortgage Brokers Ottawa

02/03/2015

http://www.theglobeandmail.com/report-on-business/banks-prime-rate-cut-a-compromise-on-public-image-consumer-duty/article22693172/?utm_medium=Newsletter&utm_source=Morning+Business+Briefing&utm_type=text&utm_content=MorningBusinessBriefing&utm_campaign=123367094

The decision by Canada’s Big Six to not match the Bank of Canada’s benchmark rate reduction was based on not fuelling debt levels too much while offering a better deal to Canadians on loans

12/05/2014

Bank of Canada holds rate at 1%

http://www.cp24.com/news/boc-keeps-trend-setting-interest-rate-at-one-per-cent-1.2130743

The Bank of Canada says the country's economic positives have largely offset the negatives, a balance that led governor Stephen Poloz to maintain the trend-setting interest rate Wednesday at one per cent.

10/13/2014

Getting squeezed by high house prices? Head for the suburbs

Date Posted: October 9, 2014

Living in the suburbs often means owning two cars and commuting farther to work, which can eat into the savings afforded by the smaller mortgage. Though, more realtors are now saying that people are considering leaving the city for suburbia. The decision boils down to the amount of space people want, the size of the mortgage and the lifestyle which is very different in the suburbs compared to downtown.

People looking for affordable homes should be open-minded. Home buyers should at least take a look at housing they might not have necessarily considered, both in terms of location and size. People should be careful not to saddle themselves with cumbersome mortgage payments.

Home buyers who are young, single and career-oriented might want to live in a small downtown condo if it means they can walk to work and socialize in the evenings. Once people marry and start to think about having children, they tend to want bigger homes near good schools, parks and other family-oriented infrastructure.

Keep in mind that the higher costs of living far from a city’s centre can erase any mortgage savings

09/22/2014

Homebuying Step by Step

https://www.cmhc-schl.gc.ca/en/co/buho/hostst/

CMHC's Homebuying Step by Step guide is here to make things easier for you by providing the information you need to make a wise homebuying decision. This section provides examples and worksheets that will guide you through the entire homebuying process, from the moment you make the decision to buy y…

01/18/2013

Here are the rates for this week…Jan. 18, 2013

• Line of Credit 3.50% (Prime plus 0.50%)
• Variable Close 5yr 2.70% (Prime less 0.30%)
• Close 1yr 2.60%
• Close 2yrs 2.49%
• Close 3yrs 2.75%
• Close 4yrs 2.95%
• Close 5yrs 2.99%
• Close 7yrs 3.95%
• Close 10yrs 3.89%

Please email me if you have any questions - [email protected]

03/27/2012

Here are the rates for this week…Mar. 27, 2012

• Line of Credit 3.50% (Prime plus 0.50%)
• Variable Close 5yr 2.90% (Prime less 0.10%)
• Close 1yr 2.80%
• Close 2yrs 2.89%
• Close 3yrs 2.85%
• Close 4yrs 2.95%
• Close 5yrs 3.15%
• Close 7yrs 3.89%

*Please note: *
Bank of Canada qualifying rate is at 5.24%.

03/13/2012

03/13/2012

Here are the rates for this week…Mar. 13, 2012

• Line of Credit 3.50% (Prime plus 0.50%)
• Variable Close 5yr 2.90% (Prime less 0.10%)
• Close 1yr 2.80%
• Close 2yrs 2.89%
• Close 3yrs 2.89%
• Close 4yrs 2.99%
• Close 5yrs 3.19%
• Close 7yrs 3.89%

*Please note: *
Bank of Canada qualifying rate is at 5.24%.

02/27/2012

Best Rates as of Feb 27, 2012

Variable Close 5 yrs 2.90% (P-0.1)
Closed 1 yr 2.50%
Closed 2 yrs 2.89%
Closed 3 yrs 2.99%
Closed 4 yrs 3.15%
Closed 5 yrs 3.19%

01/13/2012

Best Rates as of Jan 13, 2012

Variable Close 5 yrs 2.90% (P-0.1)
Closed 1 yr 2.50%
Closed 2 yrs 2.89%
Closed 3 yrs 2.99%
Closed 4 yrs 3.29%
Closed 5 yrs 3.29%

11/02/2011

Best Rates as of Nov 02, 2011

Variable Close 5 yrs 2.80% (P-0.2)
Closed 1 yr 2.50%
Closed 2 yrs 3.09%
Closed 3 yrs 3.09%
Closed 4 yrs 3.09%
Closed 5 yrs 3.39%

Rate will change, please call for the most recent rate updates at 613-837-1677 or check online at www.harryszuto.ca

Let our mortgage brokers get you the best mortgage rates and mortgage loan interest rates. You'll also find tons of free information, expert advice and mortgage tools.