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mortgage rates continue to drop well below 4 percent. the average rate for a 30 year fixed rate mortgage declined 2 basis points to 3.83 percent since last week, the lowest value on on record for this mba series. the purchase application volume declined 3.0 percent and the refinance application increased 5.6 percent over the same period.
fitch: canadian banks' residential mortgage exposure manageable under moderate stresses
household debt driven by mortgage credit expansion in the canadian market is the main threat to the credit risk profiles of canadian financial institutions, as highlighted by the s
tighter mortgage rules not enough in hottest real estate markets, oecd says
ottawa - moves by the federal government to tighten mortgage lending rules aren't doing enough to cool the housing market in the hottest regions in the country, the organization for economic co-operation and development said tuesday.
mortgage brokers busy as interest rates fall
mortgage brokers say they've been flooded with enquiries, as banks slash interest rates.
