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Bank of Canada cuts Prime Rate by 0.25% – What about fixed rates?
Hey friends and clients! Last week we got a sign of relief of inflation and high interest rates when the Bank of Canada dropped the overnight rate/prime rate by 0.25%. Prime rate was at 7.2% and is now 6.95%, affecting variable, adjustable rate mortgages and HELOC’s in a positive way! This doesn’t mean that…
Read MoreHang in there! Or not.
Inflation was up again last month. It seems to have lost some steam, phew, but the Bank of Canada does not need to be confident. This month they are definitely sounding hawkish. Not great news. Not only because it is overall bad news in our faces again, but also because we feel…
Read MoreMortgage Rates and Insights in No Particular Order.
Mortgage Rates, Products and Insights in No Particular Order Mortgages are NOT an investment, they are the debt (leverage) to help you buy real estate, which is the actual investment. This mental shift is key, knowing fixed rates or variable rates have pros and cons but the purpose of the mortgage is to buy real…
Read MoreMy Mortgage Toolbox App! Run your numbers now!
Dominion Lending’s My Mortgage Toolbox App … or what I like to call, The Mortgage Crusher App! 😉 Now you can run numbers 24/7 and get some very accurate pre-qualification numbers if you are in a time crunch. Or maybe you simply want to know where you stand financially, but are not ready to apply…
Read MoreWE ARE MOVING!
WE ARE MOVING! I have some good news and some bad news. The good news is we are moving and the space is absolutely gorgeous. I am very excited to call this my new office. The bad new is summer is over and kids are back to school and the regular “grind” has begun. I…
Read MoreReal Life Story #1 – Downpayment
Hey! I will now be posting occasional Real Life Stories about my mortgage situations I encounter. I will be posting these along with my regular blog posts. These will be short and sweet and contain a quick story that may be helpful as you plan your next purchase or refinance! 🙂 Here we go! I…
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