Mortgage rates are important, but so is flexibility. To find the right mortgage for you, you need to take all of its features and benefits into account. Very low mortgage rates are currently available for residents in Canada. Mortgage rates ARE at historic lows, and everyone is on the refinance bandwagon, except those folks buying homes, who are on the best-buyer’s-market-in-decades bandwagon.
Mortgage rates are at historic lows, but you can’t qualify. What do you do? Mortgage rates are based on the price of mortgage bonds and mortgage bonds are denominated in Canada. Mortgage rates are still falling and in most cases it is believed that it might be causing the rising of a slow economy.
Mortgage rates are closely related to yields on long-term government debt. Mortgage rates are low enough that you’ll want to avoid paying discount points whenever possible. Get yourself a par mortgage rate and you won’t have to pay any discount points at all.
Long-term mortgage rates are near historic lows, which mean they're more likely to rise than fall. Long-term rates have jumped as investors have started worrying about inflation.
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Gurmit loves travelling, he has been to over 70 countries. He speaks fluent Cantonese, Polish, Hindi, Punjabi and English. Gurmit is an author, writer, insurance and mortgage expert. He frequently writes on various topics of interest to his readers. To get in touch with Gurmit Singh, please visit his website www.gurmitsingh.ca
Gurmit Singh is a licensed mortgage expert with Dominion Lending Centres Mortgage Villa.
Gurmit Singh, mba
Mortgage Expert
M08009905
Dominion Lending Centres Mortgage Villa (11574)
Email:gurmit@gurmitsingh.ca
Website: http://www.gurmitsingh.ca
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