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Canadian Mortgage Trends

Rocket Mortgage coming to Canada - Mortgage Rates & Mortgage Broker News in Canada

Rocket Mortgage coming to Canada - Mortgage Rates & Mortgage Broker News in Canada

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Rocket Mortgage coming to Canada - Mortgage Rates & Mortgage Broker News in Canada
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Rocket Mortgage coming to Canada - Mortgage Rates & Mortgage Broker News in Canada
Rocket Mortgage coming to Canada - Mortgage Rates & Mortgage Broker News in Canada
Rocket Mortgage coming to Canada - Mortgage Rates & Mortgage Broker News in Canada
Rocket Mortgage coming to Canada - Mortgage Rates & Mortgage Broker News in Canada
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
The largest residential mortgage lender in the U.S. is about to enter the Canadian mortgage market. Rocket Mortgage U.S. announced today that it will officially begin doing business across Canada under the brand Rocket Mortgage starting August 8. It will do so through a rebrand of Ontario-based digital mortgage brokerage Edison Financial. The company says its mission will be to “revolutionize” the Canadian mortgage industry with an emphasis on “harnessing technology to simplify the home l...
The largest residential mortgage lender in the U.S. is about to enter the Canadian mortgage market. Rocket Mortgage U.S. announced today that it will officially begin doing business across Canada under the brand Rocket Mortgage starting August 8. It will do so through a rebrand of Ontario-based digital mortgage brokerage Edison Financial. The company says its mission will be to “revolutionize” the Canadian mortgage industry with an emphasis on “harnessing technology to simplify the home l...
Have fixed mortgage rates peaked? - Mortgage Rates & Mortgage Broker News in Canada
Have fixed mortgage rates peaked? - Mortgage Rates & Mortgage Broker News in Canada
Have fixed mortgage rates peaked? - Mortgage Rates & Mortgage Broker News in Canada
Have fixed mortgage rates peaked? - Mortgage Rates & Mortgage Broker News in Canada
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
Notwithstanding some additional rate hikes last week, fixed mortgage rates have seemingly plateaued following a stellar run-up over the past several months.
Notwithstanding some additional rate hikes last week, fixed mortgage rates have seemingly plateaued following a stellar run-up over the past several months.
The latest in mortgage news: BoC rate hike expectations grow - Mortgage Rates & Mortgage Broker News...
The latest in mortgage news: BoC rate hike expectations grow - Mortgage Rates & Mortgage Broker News...
The latest in mortgage news: BoC rate hike expectations grow - Mortgage Rates & Mortgage Broker News...
The latest in mortgage news: BoC rate hike expectations grow - Mortgage Rates & Mortgage Broker News...
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year.
The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year.
What Rocket Mortgage's entry into Canada means for brokers and mortgage shoppers - Mortgage Rates & ...
What Rocket Mortgage's entry into Canada means for brokers and mortgage shoppers - Mortgage Rates & ...
What Rocket Mortgage's entry into Canada means for brokers and mortgage shoppers - Mortgage Rates & ...
What Rocket Mortgage's entry into Canada means for brokers and mortgage shoppers - Mortgage Rates & ...
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
Earlier this month, Rocket Mortgage U.S.—the American mortgage lender Goliath—announced its plans to enter the Canadian market. It will do so officially on August 8 via a rebranding of Windsor, ON-based Edison Financial, which received seed funding from Rocket Companies during its start-up. But what does the news mean for Canadian mortgage brokers and, more importantly, mortgage consumers? We chatted with Hash Aboulhosn, President of Rocket Mortgage in Canada, to find out. Here are parts of...
Earlier this month, Rocket Mortgage U.S.—the American mortgage lender Goliath—announced its plans to enter the Canadian market. It will do so officially on August 8 via a rebranding of Windsor, ON-based Edison Financial, which received seed funding from Rocket Companies during its start-up. But what does the news mean for Canadian mortgage brokers and, more importantly, mortgage consumers? We chatted with Hash Aboulhosn, President of Rocket Mortgage in Canada, to find out. Here are parts of...
Fixed mortgage rates expected to rise next week - Mortgage Rates & Mortgage Broker News in Canada
Fixed mortgage rates expected to rise next week - Mortgage Rates & Mortgage Broker News in Canada
Fixed mortgage rates expected to rise next week - Mortgage Rates & Mortgage Broker News in Canada
Fixed mortgage rates expected to rise next week - Mortgage Rates & Mortgage Broker News in Canada
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
Fixed mortgage rates are expected to take another step up next week, pushing some 5-year fixed mortgages into 6% territory. Five-year fixed mortgage rates typically follow the Government of Canada 5-year bond yield, which surged more than 40 basis points over the course of the week—briefly reaching a 14-year high on Friday—before retracing some of the gains. Why are bond yields rising? According to Ryan Sims, a mortgage broker with TMG The Mortgage Group and a former investment banker, mar...
Fixed mortgage rates are expected to take another step up next week, pushing some 5-year fixed mortgages into 6% territory. Five-year fixed mortgage rates typically follow the Government of Canada 5-year bond yield, which surged more than 40 basis points over the course of the week—briefly reaching a 14-year high on Friday—before retracing some of the gains. Why are bond yields rising? According to Ryan Sims, a mortgage broker with TMG The Mortgage Group and a former investment banker, mar...
Canada unlikely to avoid recession: RBC - Mortgage Rates & Mortgage Broker News in Canada
Canada unlikely to avoid recession: RBC - Mortgage Rates & Mortgage Broker News in Canada
Canada unlikely to avoid recession: RBC - Mortgage Rates & Mortgage Broker News in Canada
Canada unlikely to avoid recession: RBC - Mortgage Rates & Mortgage Broker News in Canada
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
Rapidly rising interest rates and other economic headwinds mean it’s becoming increasingly likely Canada will enter into a recession. That’s the prediction from RBC senior economist Joshua Nye, who noted, “With a soft landing becoming more challenging, our base case assumes mild recessions in most of the economies we track.” Nye noted that the Canadian economy had sustained good momentum up until May GDP posted a 0.2% decline. Thanks to that previous momentum, Nye predicts a “solid”...
Rapidly rising interest rates and other economic headwinds mean it’s becoming increasingly likely Canada will enter into a recession. That’s the prediction from RBC senior economist Joshua Nye, who noted, “With a soft landing becoming more challenging, our base case assumes mild recessions in most of the economies we track.” Nye noted that the Canadian economy had sustained good momentum up until May GDP posted a 0.2% decline. Thanks to that previous momentum, Nye predicts a “solid”...
Rate pricing: Canada vs. the U.S. - Mortgage Rates & Mortgage Broker News in Canada
Rate pricing: Canada vs. the U.S. - Mortgage Rates & Mortgage Broker News in Canada
Rate pricing: Canada vs. the U.S. - Mortgage Rates & Mortgage Broker News in Canada
Rate pricing: Canada vs. the U.S. - Mortgage Rates & Mortgage Broker News in Canada
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
Sometimes you just don’t know how good or bad you have it. Take the mortgage business, for example. When it comes to mortgage pricing, Canada is a unique animal compared to many other countries, including the United States. Being married to a U.S. mortgage broker has made that all too clear for this author. And Tuesday, August 2, was a case in point. Frenetic rate updates While Canadian brokers watch the 5-year yield for hints on fixed-rate direction, in the U.S. the benchmark is the 10-year T...
Sometimes you just don’t know how good or bad you have it. Take the mortgage business, for example. When it comes to mortgage pricing, Canada is a unique animal compared to many other countries, including the United States. Being married to a U.S. mortgage broker has made that all too clear for this author. And Tuesday, August 2, was a case in point. Frenetic rate updates While Canadian brokers watch the 5-year yield for hints on fixed-rate direction, in the U.S. the benchmark is the 10-year T...
NBC says rising rates will lead to mortgage market "normalization" - Mortgage Rates & Mortgage Broke...
NBC says rising rates will lead to mortgage market "normalization" - Mortgage Rates & Mortgage Broke...
NBC says rising rates will lead to mortgage market "normalization" - Mortgage Rates & Mortgage Broke...
NBC says rising rates will lead to mortgage market "normalization" - Mortgage Rates & Mortgage Broke...
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
National Bank of Canada, the smallest of the Big 6 banks, reported third-quarter earnings in line with market expectations. The bank’s executive team said its real estate-secured lending portfolio (i.e. mortgages and home equity lines of credit), performed well in the quarter, but that a slowdown is imminent in the coming quarters due to rising interest rates. “While higher rates have already impacted the housing market through lower volumes and prices, the resilience in our RESL portfolio...
National Bank of Canada, the smallest of the Big 6 banks, reported third-quarter earnings in line with market expectations. The bank’s executive team said its real estate-secured lending portfolio (i.e. mortgages and home equity lines of credit), performed well in the quarter, but that a slowdown is imminent in the coming quarters due to rising interest rates. “While higher rates have already impacted the housing market through lower volumes and prices, the resilience in our RESL portfolio...
How to be an effective broker today - Mortgage Rates & Mortgage Broker News in Canada
How to be an effective broker today - Mortgage Rates & Mortgage Broker News in Canada
How to be an effective broker today - Mortgage Rates & Mortgage Broker News in Canada
How to be an effective broker today - Mortgage Rates & Mortgage Broker News in Canada
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
Mortgage brokers wear many hats. Broker? Check. Late-night financial counsellor to stressed-out homebuyers? Yep. Small business owner? Absolutely. Social media manager? These days, yes. How is it possible for a single mortgage broker to excel in every aspect of the job, let alone stay on top of them in today’s fast-paced lifestyle? Some of the country’s top experts provided some insight and know-how to attendees at the National Mortgage Conference held recently in Vancouver. They all shared...
Mortgage brokers wear many hats. Broker? Check. Late-night financial counsellor to stressed-out homebuyers? Yep. Small business owner? Absolutely. Social media manager? These days, yes. How is it possible for a single mortgage broker to excel in every aspect of the job, let alone stay on top of them in today’s fast-paced lifestyle? Some of the country’s top experts provided some insight and know-how to attendees at the National Mortgage Conference held recently in Vancouver. They all shared...
Is Canada's mortgage stress test still relevant? - Mortgage Rates & Mortgage Broker News in Canada
Is Canada's mortgage stress test still relevant? - Mortgage Rates & Mortgage Broker News in Canada
Is Canada's mortgage stress test still relevant? - Mortgage Rates & Mortgage Broker News in Canada
Is Canada's mortgage stress test still relevant? - Mortgage Rates & Mortgage Broker News in Canada
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
Earlier this month, the Bank of England scrapped its mortgage affordability stress test. With mortgage rates now north of 4% and 5%, and presumably approaching their peak for this rate-hike cycle, some are wondering if changes to Canada’s stress test are overdue. The stress test’s history The mortgage stress test requires both insured and uninsured mortgage borrowers to prove they can meet monthly mortgage payments based on a rate of 5.25% or two percentage points higher than their contract...
Earlier this month, the Bank of England scrapped its mortgage affordability stress test. With mortgage rates now north of 4% and 5%, and presumably approaching their peak for this rate-hike cycle, some are wondering if changes to Canada’s stress test are overdue. The stress test’s history The mortgage stress test requires both insured and uninsured mortgage borrowers to prove they can meet monthly mortgage payments based on a rate of 5.25% or two percentage points higher than their contract...