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Tag Archive: mortgage refinance


Refi Ahead of Condo Trouble?

—The Mortgage Report: Oct. 7— Toronto condo listings have exploded 215% to a record high, reports Bloomberg. And they’re projected to be even higher in October, according to HouseSigma. Driving that surprising number: skittish investors (many with negative cash flow given surging rental listings and a 14% y/y drop in rents) “elevator phobia” people coming off mortgage deferrals relatively higher...

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Rates to Stay Low as Jobs Won’t Recover for a Decade: CBO

—The Mortgage Report: July 3— Long Road Back for Jobs: Avid rate watchers all want to know the same thing: how long will unemployment stay elevated? The answer to that is essential to knowing how long rates could remain in a trough. On Thursday, we got a sobering projection from a reputable source. The non-partisan Congressional Budget Office (CBO) says...

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Rate Nuggets: The Nosedive in Refinancing

Mortgage regulation and higher rates changed the game in 2018, lowering the amounts borrowers could qualify for by up to 20% and reducing the incentive to renegotiate for a better rate. That had clear implications for refi volumes. UsingTeranet‘s 2018 Ontario data as a guide, the number of borrowers: refinancing with their existing lender plunged 36% (vs 2017) switching their...

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