Blog by Tridac Mortgages

Mortgage News

November 30th, 2010

Financing unique properties, RRSP to fund your own mortgage, extra payments go a long way, Toronto housing affordability...in one of our receent posts, Oddball Private Mortgage Financing, we explained the challenges of financing unique properties. As private mortgage lenders with exclusive access to a mortgage investment corporation (MIC) the post told the story of how we financed a property ...

Toronto Mortgage Radar

November 22nd, 2010
Leading the Toronto mortgage radar this week is news about the increase of 5 year fixed rate mortgages.  Fixed rate mortgages are priced according to 5 year bond yields and have a positive relationship. Meaning that if bond yields increase then fixed rate mortgages have a tendency to increase as well and vise versa.  The market forces at play that influence bond yields are a bit more complex ...

The State of Mortgages

November 19th, 2010
The Canadian Association of Accredited Mortgage Professionals recently released their Annual State of the Resident Mortgage Market in Canada Report.  The sixth annual report compiles data to give an overview of the evolving state of the residential mortgage market in Canada.

The Canadian Association of Accredited Mortgage Professionals report can be downloaded  here.

Highlights from the CAA ...

Mortgage Interest Rates - November 15 - Toronto

November 17th, 2010
Toronto mortgage broker, Chris Molder, updates the mortgage rate conditions in his weekly video installment.
 


2.45% – 1 Year Fixed

3.34% – 3 Year Fixed

3.49% – 5 Year Fixed (quick close December 31st)

3.54% – 5 Year Fixed (120 day ratehold)

3.09% – Merix 50/50 Mortgage (fixed / variable hybrid)

P-.70   3 Year Variable (2.30%)

P-.75   5 Year Variable (2.25%)

Prime Rate is currently 3.00%

Ba ...

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