Mortgage Rates Become More Competitive Now

After almost a year of stability, the mortgage rates of the current market become more and more competitive even though the Canada Bonds Yield is increasing. In 2013, many banks still set a higher expectation of mortgage sales revenue based on the revenue of previous year, but the real estate market has been successfully controlled [...]

Mid-Long Term Fixed Rates Will Change?

3, 4, 5 year fixed rates may change in the near future because all mid and long term fixed mortgage rates are based on the changes of Canada Bonds Yield. Borrowers need to check the Bank Of Canada Website frequently for these fixed rates.

Fixed Rates Gone Up from Today Midnight!

Most Banks and major lenders increased their fixed rates today, some will increase from next Monday. This time, about 0.20% to 0.30% are adjusted for most 3, 4 and 5 year fixed rates. The variable rates still keep the same, but it may drop a little in the near future.

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.