Navid Zaeri

Centum

News

Interest rates are expected to fall to 3.00% by the end of 2024

An article from Steve Hueble, April 28, 2023 In the below article, you will update about new predictions about the next interest rate movements and changes and what we should expect based on available evidence. Steve Huebl is a graduate of Ryerson University’s School of Journalism and has been with Canadian Mortgage Trends and reporting …

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BREAKING NEWS: Bank of Canada Raises Key Interest Rate by 25 bps

Another hit another raise in BoC interest rate, Source Mortgage Professional Canada https://www.bankofcanada.ca/2023/01/fad-press-release-2023-01-25/ The Bank of Canada has raised its overnight target rate by 25 basis points, bringing it to 4.50%. This is the Bank’s eighth consecutive rate hike and was expected by markets. Looking ahead, the Bank said it “expects to hold the policy …

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What’s the difference between a mortgage renewal and refinancing? 

These two terms are interchanged often, but they are two separate concepts. Mortgage renewals occur once the mortgage term has expired, and you sign on to another term with your current lender. Contrastingly, refinancing is the process of breaking your current contract to enter a new contract with either the same or different lender. Refinancing …

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Let’s get down to the basics – What is a mortgage renewal?

Mortgage renewals are the bread and butter of home ownership. Not really, but they are SUPER SUPER important. Mortgage renewals are a great opportunity to renegotiate the terms of your current contract with the current lender without needing to reapply for financing with another lender. Conditions may include the term length, interest rates, payment frequency, …

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Fixed Mortgage rates are rasing again

With a new bank of Canada announcement, now it is revealed that fixed mortgage rates are going up again because always there has been a correlation between fixed mortgage rates and government bond yealds. In the below article, written by Steve Huebl, he dives into recent data and analysis.https://www.canadianmortgagetrends.com/2022/06/fixed-mortgage-rates-rising-again-as-bond-yields-hit-a-13-year-high/

Mortgage Rates raise shortly

We are now experiencing a raising in fixed and variable mortgages. After the central bank of Canada decided to increase prime and consequently another increase in the next couple of weeks, it was expected it is happening, but nobody knew this movement is going to be that fast. In the below article, you will learn …

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