Kelly Healy

Latest in mortgage news: Mortgage rates keep surging higher

9/29/2023 | Posted in Mortgage Interest Rates by Kelly Healy
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Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise. ... More

Home Buyers, Mortgage Consumers, Mortgage Renewals

Fixed rates back as top mortgage product of choice: National Bank

8/23/2023 | Posted in Mortgage Interest Rates by Kelly Healy
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Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon. ... More

Fixed Rate Mortgages, Mortgage Consumers, Mortgage Refinancing, Mortgage Renewals

How risky is it to extend Canadian mortgage amortizations?

6/27/2023 | Posted in Mortgages and Real Estate by Kelly Healy
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Canada's record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from ... More

Bank of Canada, Bank of Canada Benchmark Rate, Fixed Rate Mortgages, Mortgage Consumers, Mortgage Deferrals, Mortgage Rates, Mortgage Rates Canada, Mortgage Refinancing, Mortgage Renewals, Mortgage Trends, Variable Rate Mortgages

Interest rate shock won't hit fixed-rate mortgage borrowers until 2025, expert says

6/22/2023 | Posted in Mortgages and Real Estate by Kelly Healy
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While the pain of elevated interest rates is already hitting those with variable-rate mortgages, the sticker shock of higher payments might not be felt for a couple years among ... More

Mortgage Consumers, Mortgage Rates Canada, Mortgage Renewals

The Bank of Canada's 'conditional pause' on interest rates may be over - so brace for another hike soon

6/6/2023 | Posted in Interest Rates by Kelly Healy
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After hitting pause on rates, growing speculation the bank is ready to hike again ... More

Bank of Canada, Bank of Canada Benchmark Rate, Interest Rates, Mortgage Renewals

Canadian mortgage borrowers have a 'rare opportunity'

9/6/2019 | Posted in Mortgages and Real Estate by Kelly Healy
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests. ... More

Canada Real Estate, Home Buyers, Mortgage Consumers, Mortgage Market, Mortgage Rates, Mortgage Rates Canada, Mortgage Refinancing, Mortgage Renewals, Mortgages & Real Estate, Variable Rate Mortgages

Mortgage market suffers 'extended chill' says Equifax

6/17/2019 | Posted in Mortgages and Real Estate by Kelly Healy
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The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities. ... More

Fixed Rate Mortgages, Home Buyers, Mortgage Consumers, Mortgage Delinquency, Mortgage Industry, Mortgage Market, Mortgage Rates Canada, Mortgage Refinancing, Mortgage Renewals, Mortgage Trends, Mortgages & Real Estate, NonMortgage Debt, Reverse Mortgages, Second Mortgages, Stress Test, Uninsured Mortgages, Variable Rate Mortgages

More mortgage rate cuts could be coming for Canadian homebuyers

6/11/2019 | Posted in Mortgage Interest Rates by Kelly Healy
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Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast. ... More

Condo Buyers, Fixed Rate Mortgages, Home Buyers, Mortgage Consumers, Mortgage Market, Mortgage Rates, Mortgage Rates Canada, Mortgage Renewals, Mortgage Trends, Mortgages & Real Estate, Variable Rate Mortgages

Big banks tighten grip on mortgage market after rule changes stifle competition

12/14/2018 | Posted in Mortgages and Real Estate by Kelly Healy
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New B-20 rules have created an uneven playing field because stress tests don't apply to people renewing mortgages with their current lender ... More

Big Six, Canadian Banks, Mortgage Consumers, Mortgage Industry, Mortgage Market, Mortgage Renewals, Mortgage Trends, Mortgages & Real Estate, Stress Test

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