Stress test rate decreases & industry news
August 13, 2020 | Posted by: Patrick Mulhern
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US Fed holds rate with no increase expected anytime soon
July 29, 2020 | Posted by: Patrick Mulhern
Fed holds U.S. interest rate steady, citing ongoing COVID-19 drag on economy U.S. central bank keeps benchmark interest rate in range at effectively zero The Associated Press · Posted ... [read more]
Bank of Canada - no rate increases today or in the near future
July 15, 2020 | Posted by: Patrick Mulhern
Interest rates will stay low as Canada faces 'long climb out' of COVID-19 hole, central bank says Benchmark interest rate stays at 0.25% Pete Evans · CBC News · Posted: ... [read more]
When is refinancing a good or bad idea
June 19, 2020 | Posted by: Patrick Mulhern
When Is Mortgage Refinancing a Bad Idea? Property owners refinance their homes and commercial properties all the time. As your credit improves and you have built more equity into the property, it ... [read more]
Strata insurance report
June 16, 2020 | Posted by: Patrick Mulhern
Amid skyrocketing costs, new report finds B.C.'s strata insurance market 'unhealthy' Strata insurance premiums have risen 50 per cent in Metro Vancouver over the last year, according to t ... [read more]
Mortgage deferrals and ten more timely tips
April 30, 2020 | Posted by: Patrick Mulhern
Mortgage deferrals and ten more timely tips I hope you and your family are enjoying good health and finding some measure of happiness in this strange spring. Certainly, many Canadians are f ... [read more]
Bank of Canada - remains at .25%
April 15, 2020 | Posted by: Patrick Mulhern
Bank of Canada maintains overnight rate at its 'effective lower bound' The Bank of Canada announced that it will maintain the overnight rate at 0.25%, which it ... [read more]
Mortgage Deferral links
April 8, 2020 | Posted by: Patrick Mulhern
As you most likely have heard, lenders and governments (provincial and federal) have come up with plans to assist those who are struggling financially during COVID-19 pandemic. Clic ... [read more]
Another unscheduled .50% rate cut by BoC
March 27, 2020 | Posted by: Patrick Mulhern
Bank of Canada makes another emergency cut to interest rate Bank has made an emergency rate cut twice in 2 weeks in response to damage of COVID-19 pandemic Pete Evans · CBC News ... [read more]
Deferment and Alternative options
March 25, 2020 | Posted by: Patrick Mulhern
Payment options: In this very uncertain time when the ability to make a living is on hold, we are faced with serious financial issues. The Fe ... [read more]
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