Author Archives for The Spy

About The Spy

The original...RateSpy

Rate Espionage Pays!

Got a hot rate tip? The Spy buys rate Intel. The Top 2 rate tips of the month earn a crisp C-note! Here’s the fine print. The rate must be: A rate...

Mortgage Rate Curve – May 11, 2014

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

CUs Are Bringing It

Credit unions are slowly and stealthily becoming a force in mortgage lending. We may not see any one credit union become consistently dominant, but CUs are certainly working together to...

Custom Mortgage Rate Searches

Do you want to monitor specific types of mortgage rates? For example: Rates on 5-year fixed terms with 120-day rate holds? 10-year fixed rates from brokers in British Columbia? Variable...

BoC Qualifying Rate Hits Record Low

This week the Bank of Canada’s “benchmark rate,” a measure of 5-year posted mortgage rates, dropped to an all-time low of 4.99% (from 5.24%). The benchmark rate is an important number used by...

2.99% is Baaaaaack!

After a six-month hiatus, 2.99% five-year fixed rates are making a triumphant return. You’ll start seeing brokers quote them online by next week. It may take major banks a bit...

New Feature: Email the Best Rates

You can now email the Top 10 rates you find to anyone you like. Simply click the “Email Rates” icon on the homepage and away you go. The rates emailed are...

Mortgage Rate Comparison

Sometimes you want to quickly compare the best rates for several terms at once. For this purpose, we’ve created the rate comparison tool. First pick your province and the number...

Welcome to Spy News

Mortgage commentators are a dime a dozen, so we’ll keep this on point. Spy News has two missions only: 1. Deliver only the essential elements of breaking rate market news;...