Mortgages With Danny

Passionate and reliable mortgage professional working to find you the right products at the best rate

Bank of Canada preview: 50-bps rate hike a "done deal," economists say - Mortgage Rates & Mortgage Broker News in Canada 05/31/2022

Bank of Canada preview: 50-bps rate hike a "done deal," economists say - Mortgage Rates & Mortgage Broker News in Canada Markets fully expect the Bank of Canada to deliver its second half-point rate hike in as many months at its upcoming rate decision meeting on Wednesday.

Bond Yields Surge to a 3-Year High, Fixed Mortgage Rates to Climb Higher - Mortgage Rates & Mortgage Broker News in Canada 03/17/2022

Fixed rates on the rise again....time to lock in that rate for anyone looking for a pre-approval on either a purchase or switch in the near future:)

Bond Yields Surge to a 3-Year High, Fixed Mortgage Rates to Climb Higher - Mortgage Rates & Mortgage Broker News in Canada After tumbling in late February, Canadian bond yields have since bounced back and beyond, reaching a three-year high on Wednesday.

Average house sale price in Ottawa hits record high 03/04/2022

Average house sale price in Ottawa hits record high Nearly 1,100 residences changed hands in February for an average of $837,500 — the first time the resale market statistic has crossed the $800,000 threshold, according to data compiled by the Ottawa Real Estate Board.

Bank of Canada raises interest rate: Read the official statement 03/02/2022

Variable rates on the rise!

Bank of Canada raises interest rate: Read the official statement Raises rate 25 basis points to 0.50 per cent

Canada’s bank regulator weighs tougher mortgage rules amid hot housing market 04/10/2021

https://globalnews.ca/news/7746367/osfi-stress-test-uninsured-mortgages-housing/

Proposed changes on the way making it slightly more difficult to qualify for purchases with 20% down & Refinances.
As always, here if you'd like to chat about your situation.
613.854.2974 😀

Canada’s bank regulator weighs tougher mortgage rules amid hot housing market OSFI's proposal would set the qualifying rate for uninsured mortgages at the contracted rate plus two percentage points or 5.25 per cent, whichever is higher.

Rapid increase in home prices puts buyers in bind when appraisals don’t match sale price 04/05/2021

Rapid increase in home prices puts buyers in bind when appraisals don’t match sale price It can leave a financing gap for buyers who are relying on mortgages to fund a large share of the purchase, forcing them to come up with extra cash quickly to close a deal

Red-hot market 'never before seen in Ottawa' hard on homebuyers | CBC News 03/19/2021

Red-hot market 'never before seen in Ottawa' hard on homebuyers | CBC News Ottawa real estate is a hard-core sellers' market, with demand for homes far outweighing supply, as it is in other parts of Canada. This first-time homebuyer describes the anxious process.

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