Tag: Mortgages

Ontario millennials must save for 20+ years for down payment: report | CTV News

A new report shows house prices need to drop by more than $500,000 for millennials to be able to afford a home in Ontario.
— Read on toronto.ctvnews.ca/ontario-millennials-need-to-save-for-over-20-years-for-down-payment-on-a-home-report-1.6179803

Home owners with variable-rate mortgages face difficult squeeze as interest rates rise, house prices drop, Bank of Canada warns – The Globe and Mail

Fifty per cent of variable-rate mortgage holders have already reached their trigger rate, according to estimates from the Bank of Canada
— Read on www.theglobeandmail.com/business/article-variable-mortgages-trigger-rate-bank-of-canada/

Half of variable-rate mortgages have hit their trigger rate, estimates Bank of Canada | Financial Post

Half of variable-rate mortgages have hit their trigger rate, estimates Bank of Canada | Financial Post
— Read on financialpost.com/real-estate/mortgages/bank-of-canada-mortgage-variable-rate-trigger/wcm/39527f35-cce6-4014-896d-75e405ecee21/amp/

​More than half of Canadian mortgage-holders worried about payments at renewal: Survey – BNN Bloomberg

More than half of Canadian mortgage-holders worried about payments at renewal: Survey – BNN Bloomberg
— Read on www.bnnbloomberg.ca/more-than-half-of-canadian-mortgage-holders-worried-about-payments-at-renewal-survey-1.1838867

US Mortgage Rates Soar Past 7% for First Time in Two Decades

(Bloomberg) — Mortgage rates in the US crossed 7% for the first time in more than two decades. Most Read from BloombergNew Covid Boosters Aren’t Better Than Old Ones, Study FindsMusk Tells Twitter Staff He Doesn’t Plan to Cut 75% Of JobsUS Warns South African Economic Hub May Be Terror TargetAdidas Cuts Ties With Ye, Absorbing €250 Million Profit HitThe average for a 30-year, fixed loan rose to 7.08% from 6.94% last week, Freddie Mac said in a statement Thursday. That’s the first time the measu
— Read on ca.finance.yahoo.com/news/us-mortgage-rates-soar-past-140000890.html

Google Search mortgage tools: calculator, rates, definition

Google teamed up with the Consumer Financial Protection Bureau to launch the new tools because it found that a lot of people were asking questions like “what is a mortgage?” and “what is APR?”
— Read on www.cnbc.com/2020/07/22/google-search-mortgage-tools-calculator-rates-definition.html