By

Ross Taylor
MarketWatch WASHINGTON (MarketWatch) – Interest rates will rise when the economy begins to heat up and not a moment before, the Federal Reserve said Tuesday. The Fed has been saying that it expects its target for short-term interest rates to remain very low for an “extended period” of time. Many outside analysts say that the...
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This from today’s Financial Post – April 6, 2010 Whether They’re Taking On New Mortgages Or Renewing Ones They’ve Held For Years, Homeowners End Up Asking Themselves The Same Question: Should They Lock In Their Mortgage Or Should They Let It Float With A Variable Rate. Here, Toronto-Based Wealth Manager Scott Tomenson Makes The Case...
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Royal Bank and TD Canada Trust announced Monday March 28 they are increasing several mortgage rates by up to 6/10ths of a percentage point. The biggest jump is attached to the popular five-year fixed closed rate, which moves from 5.25 per cent to 5.85 per cent at both banks. That’s the posted rate, which is routinely...
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I came across the article below from last month’s Globe and Mail and could not agree more with the author. But I will take it a step further. EVERYONE should keep and maintain his or her own credit history – even if you are adverse to debt of any kind. Even if your credit history...
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Supply shortages still expected in big centres, but wave of new listings elsewhere will be boon to buyers STEVE LADURANTAYE From Tuesday’s Globe and Mail Published on Tuesday, Mar. 16, 2010 12:00AM EDT After a historic runup in prices, the Canadian resale housing market is set to cool down as a wave of new listings...
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According to CMHC statistics, the average mortgage in Canada only lasts 38 months, with only 29% of all 5 year terms making it to the full 5 year mark.  Due to property appreciation, the need for additional funds, life changes, moves, etc, a 3 or 4 year term just seems to be a better fit...
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Mortgages tougher on self employed CMHC is tightening the criteria needed for self-employed borrowers to get mortgage insurance, changes that will come into effect on April 9, 2010, according to Canadian Mortgage Trends. Borrowers who apply under CMHC’s self-employed stated income product will need a 10 per cent down payment instead of the five per cent...
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I hate to sound like everyone else – it often pays to be different, but we must recognize  most economists and experts are forecasting interest rate increases beginning as early as this Summer. The Bank of Canada rate was 4.25% in January 2008, and now it is only 0.25%, and has been there for almost...
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Heading this month’s issue of Money Sense I came across a startling stat – makes me wonder if it is really true. Here it is verbatim. $6,647 – what $1,000 invested in the S&P 500 on Jan 1, 1990 was worth at the end of 1999, including dividends. $662- what $1,000 invested in the S&P...
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Mortgage rules were tweaked by Finance Minister Flaherty today. Here is an article courtesy of CBC News. Flaherty to toughen mortgage rules LAST UPDATED: MONDAY, FEBRUARY 15, 2010 | 9:45 PM ET COMMENTS132RECOMMEND64 CBC News Finance Minister Jim Flaherty will announce new rules Tuesday aimed at preventing homebuyers from getting into financial difficulty when mortgage rates...
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