While the mortgage industry slows down around Christmas, it doesn’t quite slow to a standstill. For those that are shopping for a new house, or looking to do a refinance (or even just a simple mortgage renewal), rates and numbers are an important part of the mortgage equation. When rates change even the slightest of percentage… Continue reading Mortgage Monday Rate Update: December 2012
Tag: prime rate
Variable Rate Mortgage Pricing – What in the World is Going On?
Starting four weeks ago, our regularly-scheduled Mortgage Monday blog posts began featuring a 4-part series courtesy of MCAP on how and why mortgages are priced the way they are (the series began with Part 1 four weeks ago: The Bond Market and Fixed Income Yields – How Does it Really Work?, followed by Part 2… Continue reading Variable Rate Mortgage Pricing – What in the World is Going On?
Mortgage Monday Rate Update – November 2011
As many of you know, my wife and I had our first child a couple of weeks ago (a healthy baby boy, Markus), so if you were wondering where the past 2 “Mortgage Monday” posts were – I skipped them to either a) spend time with my new son and/or b) to sleep. 😉 Needless… Continue reading Mortgage Monday Rate Update – November 2011
What is “Prime Rate”?
The Prime Lending Rate in Canada (like in many other countries) is a reference interest rate charged by banks and lenders to their most “creditworthy” customers. In reality we find that most banks and lenders in Canada base their best interest rate (usually in the form of a variable interest rate) on the prime lending… Continue reading What is “Prime Rate”?