Interest Rates Beginning to Stabilize

Over the last few weeks Home Mortgages Calgary has seen some significant increases in many of our lenders’ rates. This, of course, is attributable to the fact that bond yields have also been increasing. Read more

Bond Yields are Rising – What this Means for You

This just in from one of Home Mortgages Calgary’s lenders: Due to a new 5 year rate of 4.09%, Canadian 5 year bond yields are up 14bps to 2.71. It was only a month ago that 5 year bond yields were at 2.07. Read more

Variable Rates on Their Way Down

Over the last few weeks one of Home Mortgages Calgary’s mortgage lenders dropped their rates on their Adjustable Rate Mortgage product to prime plus 0.4%. This deal is not as sweet as the prime minus 0.9% rates of yesteryear however, at least we see that conditions are improving. Read more

CMHC Predicts Housing to Bounce Back in 2010

In a recent article by the financial post, the Canada Mortgage and Housing Corporation (CMHC) said that the Canadian housing market is expected to rebound as of next year. Read more