Skip to main content

Author Archives for The Spy

About The Spy

The original...RateSpy

Compare Monthly Payments – New!

It’s often helpful to know how much extra interest you’ll pay with a higher rate, a bigger mortgage, shorter compounding and/or a longer amortization. Now, the Spy makes that easy...

The Fallacy of “Must Go Up”

You really should lock in your mortgage. Rates are historically low and they have to go up…eventually. Sound familiar? It may well be one of the costliest fallacies in today’s...

Mortgage Rate Curve

The chart below shows the average best rates for each mortgage term on RateSpy.com. It provides a good sense of rate premium you’ll pay for the security of a fixed...

Variable Rates Gain Appeal

The mortgage market is a bit like Baskin Robbins. The flavour of the month canchange. Take the popularity of variable rates, for example.“The proportion of new mortgages being advanced at...

CIBC’s New Rate Specials

The nation’s fifth-largest bank has just rolled out two juicy newrate specials: A 1.99% one-year fixed A 2.99% seven-year fixed Both rates are the lowestin the country for theirrespectiveterms, and...

Mortgage Rate Curve

The chart below shows the average best rates for each mortgage term on RateSpy.com. This graph provides a sense of how much of a rate premium you’ll pay for the...

Mortgage Rate Curve

The chart below shows the average best rates for each mortgage term on RateSpy.com. This graph provides a sense of how much of a rate premium you’ll pay for the...

Mortgage Rate Complacency

One of the worst things amortgage shopper can do is assume that alender’s rates are competitive. For evidence of that, look no further than the latest data from ournation’s largest...

Meridian Nukes the Competition With 1.49%

We see great rates every day, but this deal made us utter “wow” out loud. Meridian’s 1.49% 18-month fixed special is the lowest lender-advertised rate in, well, forever. On a...

It’s About the Features, Remember?

Here we go. It’s starting. Amid cold-blooded rate competition, the banks are turning on the “feature charm” and touting their mortgage perks. The goal: to shift your attention from their...