What is happening with interest rates on June 1, 2021?! #interestrates #mortgage #mortgagequalifying #Ottawa #mortgagebroker #realestate #refinance #preapproval lnkd.in/d9tfzrM

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Reverse mortgages are picking up in terms of need and interest. Age in place and have care givers attend in the comfort of your own home, if necessary. #mortgagebroker #mortgage #reversemortgage #Canada lnkd.in/dguwF8z

Did the Bank of Canada change the overnight rate (and hence the Prime rate that impacts variable/adjustable rate mortgages and lines of credit)? YES, they did by .25% Does this mean you should rush to lock your variable rate mortgage into a fixed rate te…lnkd.in/di_K-mtW

I love what I do so much that awards like this are just the icing on the cake! The trust of my clients and referral partners is what matters most to me and I wouldn't reach these levels without each and every one. Thank you for your trust and support. #th…lnkd.in/dftyc4W3

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The BoC announced it will raise the overnight rate by 1%. That will make the prime lending rate 4.7%... if you have a variable rate mortgage, deduct your discount from 4.7% to determine your new rate. For most, that will mean a rate in the high 3% to low/…lnkd.in/eQYfWktJ

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With the increase in the overnight rate by .50% announced today by The Bank of Canada, what can you do to mitigate payment increases in your adjustable rate mortgage or stay ahead of your 'trigger rate' (for those with a fixed payment variable rate mortga…lnkd.in/ezrpdzMc

Mortgage Renewals! Don't just sign the offer your current lender sends you... #mortgagebroker #mortgagerenewal #mortgagerates #ottawa #mortgages lnkd.in/e_EqvkmQ

Qualifying for a mortgage could get even tougher than it already is. Would be fab if the regulators took a close look at qualifying criteria for consumer credit like credit cards and car loans vs continuing to make it more difficul…lnkd.in/eky4SGKf lnkd.in/eseUSWNg

Fingers crossed this trend continues - even if for nothing else than to help borrowers qualify for better financing

BANK OF CANADA ANNOUNCES A .25% INCREASE IN THE OVERNIGHT RATE... This will impact those with a variable or adjustable rate mortgage and those with a line of credit. The BoC said "Inflation is projected to come down significantly this year. Lower energy…lnkd.in/ekHbCyTz

The Bank of Canada kept the overnight rate at 4.5% with it's announcement today. This means no change to the prime rate and a sign of relief for those with an adjustable rate mortgage or line of credit product as payments will stay the same as they are al…lnkd.in/dQHAZ_4H

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BREAKING: The Federal Reserve just hiked 25 bps BUT its projections show only 1 more hike this year & 75 bps of cuts next year. Its new target rate range is 4.75% to 5.00%. That's 0.375% above the Bank of Canada. Canada's 5yr yield is -3 bps following the news & -12 on the day.

Well played, Canada Revenue Agency 😂

50 year amortizations now being offered by MICs (Mortgage Investment Corps). Sweet mother of mercy.

"Cashflow" - it's the word of the day, lately. Managing cashflow with the high cost of living is top of mind for most Canadian home owners right now, so the majority of my days are being spent finding solutions to help increase cashflow, reduce interest…lnkd.in/e4V27nkT