by Snap Rates | May 12, 2022 | Mortgage
There are four major components to any successful home buying A-Team: your mortgage professional, realtor, home inspector and lawyer. Each of these individuals is important to various aspects of the home buying process. MORTGAGE PROFESSIONAL While many people think a...
by Snap Rates | May 12, 2022 | Mortgage
Rate Debate, One of the first questions that potential buyers want answered is: “What is your interest rate?” It is easy to think that this is the most important question, but there is a lot more to your mortgage contract than just the rate. And so, the rate debate...
by Snap Rates | May 12, 2022 | Mortgage
Rain or shine, Canada’s largest bank sees much higher interest rates to combat destabilizing inflation. RBC hiked its forecast for interest rates today after the central bank increased its neutral rate forecast. By year-end, the bank sees the highest...
by Snap Rates | May 10, 2022 | Mortgage
If you were renewing your mortgage right now, how would you plan for upcoming rate hikes? Would you gamble on a variable or short term, like a one- or two-year? Lock in for five-plus years? Or split the difference with a three- or four-year term? I asked three of...
by Snap Rates | May 10, 2022 | Mortgage
Canada’s bank regulator is getting its ducks in a row after a routine audit to assess financial system risk. The Office of the Superintendent of Financial Institutions (OSFI) published its first Annual Risk Outlook last week. The report covers systemic risks...
by Snap Rates | May 10, 2022 | Mortgage
Following a jump in bond yields last week, lenders across the country once again bumped up their fixed mortgage rates. Big banks like RBC, TD and BMO hiked 5-year fixed rates by 20 to 25 basis points, with all three offering uninsured rates at 4.39%. The move...
