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Oriana News

When it comes to your mortgage, don't forget to consider the term

BNN ~ February 20th, 2017OTTAWA -- You shopped around for the best deal on your mortgage and weighed the pros and cons of going with a fixed-rate or a variable-rate loan, but another key factor to consider is the term.A majority of borrowers opt for a five-year mortgage -- about 54 per cent according to Mortgage Professionals Canada -- but experts say homebuyers need to consider how long they want to commit to when it comes to their loan.James Laird, co-founder of interest rate-comparison ...

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  • Feb 17, 2017

Mortgage Rates Are Trending Up - Should You Worr

Forbes ~ February 14th, 2017Unless you plan to buy your home with cash (lucky you!), it's important to know what's going on with mortgage rates these days. The bad news is that they are rising. The good news is that they have been at historic lows since the housing market crashed nearly 10 years ago — and they are still low. But since they probably won't stay this way forever, let's take a moment to learn what rate hikes could mean to you.Should you hurry to buy a home?When rates start to ...

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Mortgage Rates Are Trending Up - Should You Worr

Forbes ~ February 14th, 2017Unless you plan to buy your home with cash (lucky you!), it's important to know what's going on with mortgage rates these days. The bad news is that they are rising. The good news is that they have been at historic lows since the housing market crashed nearly 10 years ago — and they are still low. But since they probably won't stay this way forever, let's take a moment to learn what rate hikes could mean to you.Should you hurry to buy a home?When rates start to ...

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Mortgage Rates Are Trending Up - Should You Worr

Forbes ~ February 14th, 2017Unless you plan to buy your home with cash (lucky you!), it's important to know what's going on with mortgage rates these days. The bad news is that they are rising. The good news is that they have been at historic lows since the housing market crashed nearly 10 years ago — and they are still low. But since they probably won't stay this way forever, let's take a moment to learn what rate hikes could mean to you.Should you hurry to buy a home?When rates start to ...

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Interest-Only Makes a Comeback

Innovative mortgage products. Remember those?

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Here's How Much Home Canada's 'Peak Millennials' Can Afford

A down payment on an "affordable" Toronto condo could buy you a whole house in the Maritimes.

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Tories pledge to boost mortgage repayment periods for first-time buyers

Conservative Leader Andrew Scheer said a Tory government would review the mortgage stress test and expand repayment periods, proposals that would partly reverse Ottawa’s efforts to discourage homebuyers from taking on too much debt. Mortgage brokers warned that Mr. Scheer’s plan could push housing prices higher, if consumers used their expanded purchasing power to buy more expensive homes.

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The Bank of Canada is warning Canadians to brace for a rough winter

The Bank of Canada is warning Canadians to brace for a rough winter

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CURRENT RATES

CURRENT RATES
Term Our Rate Bank Rate
2 YEAR 5.54% 6.09%
3 YEAR 4.74% 6.04%
4 YEAR 4.89% 6.04%
5 YEAR 4.74%* 6.14%
5 YEAR variable 5.55%* 6.45%
28 Dec 2022


*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

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