Categories for Mortgage Briefs

A New Leader in Mortgage Rate Holds: BMO

BMO now has the longest regular rate guarantee period of any Big 6 Bank. On Tuesday, Canada’s fourth largest bank upped its rate hold period from 90 to 130 days. Prior...

Private Rates Still Elevated Amid Tight Funding

Private (non-prime) lenders are getting tapped out across the country. Fisgard Asset Management Corporation, one of Canada’s largest mortgage investment corporations (MICs), is no exception. “It’s a dynamic time right now,”...

The Dark Secret About Rate Sites

A reader asked this on one of our message boards this week: “I don’t understand why every site doesn’t have a refinance selector. How are you supposed to find a...

The Fed: Half-Blind Leading the Blind

Months of Wasted Fed-Speak Summer Fed hikes are dead. But not before the economy was misread, leaving many borrowers mislead — wishing the Fed left its rate-hike calls unsaid. The...

Mortgage Briefs – Down Payments & Rates

As we turn the page on 2015, get ready for a host of new mortgage trends in the next 12 months. We’ll see new down payment rules, more talk of negative interest rates, and...