Browsing: Mortgage
Anyone who’s been shopping for mortgage rates over the past week has likely noticed fixed rates trending upwards. The latest wave of increases, however, seems to…
Last week, I argued that mortgage rates remain in a downward trend, despite some pullback lately.The 30-year fixed had almost been sub-6% when the Fed announced…
Starting tomorrow, mortgage brokers and lenders across Canada will face new compliance obligations as part of FINTRAC’s enhanced anti-money laundering (AML) regulations. FINTRAC (the Financial Transactions…
Ever since the Fed announced their 50-basis point cut, mortgage rates have been climbing higher.In fact, they’re basically 50 bps higher since the Fed cut their…
By Ian Bickis For those stuck paying elevated mortgage rates, or who want to cut high-interest consumer debt, breaking a mortgage contract could make sense. But…
When mortgage rates surged off their record lows in early 2022, the housing market ground to a halt.In the span of less than 10 months, 30-year…
What is a Tax Abatement? A tax abatement is a temporary reduction or elimination of property taxes, often granted by local governments to encourage development or…
Well, it’s been over a week since the Fed cut rates and mortgage rates went up.While this may have come as a surprise to some, seasoned…
Navigating the mortgage landscape can often feel like a daunting task, especially when it comes to gathering the necessary documentation to qualify for a loan. We’re…
What this means for borrowersFor borrowers with uninsured mortgages approaching renewal, this change eliminates a significant obstacle.Without the stress test, borrowers will be able to shop…