Mortgage rates slid a bit lower for the week. According to Freddie Mac, the average 30-year fixed rate fell two basis points to 6.09%. That’s a slim three…
Read more Mortgage and refinance interest rates today, February 13, 2026: Low rates and new home discounts entice buyersWhether or not a variable-rate mortgage is a good option for you depends largely on market fluctuations. Rates for this type of mortgage are typically lower than those…
Read more 3-year versus 5-year mortgage: How to choose your term – MoneySenseSentiment around the interest rate decision The rate hold was largely anticipated by markets and economists. Many hoped it to be the central bank’s last hold before pivoting…
Read more Making sense of the Bank of Canada interest rate decision on April 10, 2024 – MoneySenseIt’s become a rite of summer in sunny California: When the temperature spikes, so do electricity bills, leaving some customers with monthly payments over $500.A big reason for…
Read more California proposal would change how power bills are calculated, aiming to relieve summer spikesAs a result of the latest rate hold, the prime rate in Canada will remain at 7.2%. This might not seem like big news, but this is what…
Read more Making sense of the Bank of Canada interest rate decision on March 6, 2024 – MoneySenseWhat are your options if you find yourself in this situation? Let’s look at the intricacies of buying a pre-construction home in Canada, why some buyers are having…
Read more Buying pre-construction: What if your home is worth less than you paid? – MoneySenseIn other words, during the near-zero interest rates that prevailed until recently, investors wanting real inflation-adjusted returns had almost no choice but to embrace stocks. (Read more about TINA…
Read more Are GICs worth it for Canadian retirees? – MoneySenseIt’s been a tough time for home owners (and first-time home buyers), but the Bank of Canada (BoC) has held interest rates steady since July 2023, and the…
Read more Fixed or variable mortgage rate: Which should you choose in 2024? – MoneySense
