Most Lenders/Banks Decrease 4,5 and Variable Rates

Most banks and other mortgage lenders started to decrease 4 year fixed rate, 5 year fixed rate and variable rates since last Friday or Today. CBMR conitnues to provide more discount rates to the borrowers and keep one of the lowest and best mortgage rates providers in Ontario, Canada.

Banks Start To Increase 4 & 5 Year Fix Rates

Some major banks and lenders started to increase the 4 year and 5 year fixed rates from 2.99%/3.19% to 3.19%/3.39% from today. Some lenders will increase from Feb. 13, 2012. CBMR Mortgage hopes clients to apply for the 4 and 5 year fixed rates during this weekend, so that the clients can get the lowest [...]

Banks Reduced the fixed rates

Most banks reduced the mortgage fixed rates of 4 and 5 years. CBMR Mortgage continues to offer the clients the one of lowest buying down rates in Canada.

Fixed Rates DROPPING DOWN

After the American Bonds have influenced the world financial market since last several days, the Canadian Bond Yields are dropping down significantly during the last 3 days. On Aug. 2, 2011, the Yield for 5 years dropped from 2.05% to 1.86%; on Aug. 4, 2011, it continually dropped from 1.88% to 1.66%. If this influence [...]

Canadian Variable Rates Are Going Up, Fixed Rates Keep Stable

After the lowest mortgage lender – IA terminated the promotion rate of Prime-0.95% on last Thursday, most lenders increased their 3 year and 5 year variable rates from Prime-0.75% ~ 0.90% to Prime-0.60% ~ 0.75%. From May 2, 2011 (Monday), all lenders will publish or execute the new variable rates. CBMR Mortgage will publish those [...]

The Lowest Mortgage Rates Will Go Up From Next Monday!

CBMR has received some lenders’ notice that the rates will go up next Monday. Borrowers must submit online applications before this Sunday for locking the recent lowest rates.

Fixed Rates Is Dropping Slightly

Many lenders have adjusted the 3, 4 and 5 year fixed rates slightly down since last week, because the Canada Bond’s Yields for these terms have dropped for several weeks. Please visit the Bank Of Canada for detail.

Fixed Rates Went Up From Yesterday

Some banks including major banks adjusted the fixed rates yesterday due to the Canada Bonds yield. It’s said more and more small lenders will adjust the fixed rates these days. Pleople who want to apply for the fixed rates need to apply as quickly as possible.

Important Changes For Insured Mortgages

Here is the copy from Minister of Finance: (click here to read the news from original website)

The Honourable Jim Flaherty, Minister of Finance, and the Honourable Christian Paradis, Minister of Natural Resources, today announced prudent adjustments to the rules for government-backed insured mortgages to support the long-term stability of Canada’s housing market and support [...]

Note: CBMR Fax Number Has Been Changed

Please note: the CBMR GTA and other areas fax numbers have been changed to a toll free fax number 1-877-296-0878. The previous fax numbers have stopped already. Please go to “Contact” page to see the most updated contact information.