Mortgage Industry News
One-Third of Canadians Predict Bank of Canada Rate Cut Next Week
Most Canadians believe lower interest rates will make it more affordable for covering mortgage costs. Continue Reading One-Third of Canadians Predict Bank of Canada Rate Cut Next Week
Mortgage Application Payments Increased 2.5%
The national median mortgage payment for conventional loan applicants was $2,271. Continue Reading Mortgage Application Payments Increased 2.5%
MBA: Independent Mortgage Banks Record Lower Production Losses in Q2
“There were signs of improvement in the second quarter of 2023,” said MBA’s Marina Walsh. Continue Reading MBA: Independent Mortgage Banks Record Lower Production Losses in Q2
Survey: Nearly Half of Canadians Have Regrets Over Their Mortgages
“Having blind faith in banks could be an expensive mistake for homebuyers,” said Joe White, president and CEO of REMIC. Continue Reading Survey: Nearly Half of Canadians Have Regrets Over Their Mortgages
Mortgage Rates Top 7%, Highest Level in Over 20 Years
The 30-year fixed-rate mortgage averaged 5.13% one year ago. Continue Reading Mortgage Rates Top 7%, Highest Level in Over 20 Years
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