Ask the Expert: Steve Garganis on future bidding wars and why the feds should allow 40-year amortizations
CanadaMortgageNews.ca
by Steve Garganis
3w ago
I had the pleasure of being interviewed by RatesDotCa for their Ask The Expert edition on the current and future markets, rates prediction, amortization, and new changes to the mortgage industry. Here are ..read more
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Why Everyone Should Choose The Longest Amortization Possible
CanadaMortgageNews.ca
by Steve Garganis
1M ago
One of the most common requests I get when discussing mortgage options with my clients is that they want the shortest amortization they can afford. They want to pay their ..read more
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The Great Mortgage Reset
CanadaMortgageNews.ca
by Steve Garganis
1M ago
A FOUR PART SPECIAL EDITION… PART 4 of 4 THE GREAT MORTGAGE RESET… MY RECOMMENDATIONS. This policy of making it harder to borrow money has only hurt the little guy, the ..read more
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The Great Mortgage Reset
CanadaMortgageNews.ca
by Steve Garganis
1M ago
A FOUR PART SPECIAL EDITION… PART 3 of 4 Canada’s mortgage lending rules and policies are broken.  They just don’t work.  And the more our Federal government tries to help, the ..read more
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The Great Mortgage Reset
CanadaMortgageNews.ca
by Steve Garganis
1M ago
A FOUR PART SPECIAL EDITION… PART 2 of 4 Canada’s mortgage lending rules and policies are broken.  They just don’t work.  And the more our Federal government tries to help, the ..read more
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The Great Mortgage Reset
CanadaMortgageNews.ca
by Steve Garganis
1M ago
A FOUR PART SPECIAL EDITION… PART 1 of 4 Canada’s mortgage lending rules and policies are broken.  They just don’t work.  And the more our Federal government tries to help, the ..read more
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10 up and 3 down, unintended consequences!
CanadaMortgageNews.ca
by Steve Garganis
1M ago
LOTS OF MOVEMENT IN MORTGAGE RATES Sounds like a football play. But I’m not talking about football even though the NFL season just started and my Buffalo Bills won their ..read more
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New $1.5 million price cap, 30 year extended amortization.. Is it enough?
CanadaMortgageNews.ca
by Steve Garganis
2M ago
The Federal Government announced they would be extending the current amortization on insured mortgages (those buying with less than 20% down) to 30 years.  ONLY if you are a First-time ..read more
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As expected, rates are beginning to fall
CanadaMortgageNews.ca
by Steve Garganis
4M ago
Some good news on mortgage rates… Mortgage Brokers are receiving good news this week from many financial institutions.  Wholesale fixed mortgage rates are falling.  Great news for anyone buying, refinancing or renewing their mortgage in the near future.   The news comes as a reaction to lower than expected inflation rates. We saw  2.7% vs the expected 2.9% reported.  And the US economy is finally seeing signs of a sluggish economy. There’s a saying… Bad economic news is good news for mortgage news.   Next week… The Bank of Canada is meeting July 24th for ..read more
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Why fixed rates haven’t dropped that much yet
CanadaMortgageNews.ca
by Steve Garganis
5M ago
Everything is playing out as expected.  Fixed rates have begun to fall, slowly.  But this isn’t unusual or unexpected.  If you’ve followed interest rate hikes and cuts, you’ll see a familiar pattern.   When the cost of funds goes up, interest rates go up almost immediately, usually within a day or two. When the cost of funds goes down, it can take upwards of 3 weeks for rates to come down.  It’s the same with gasoline prices.  You hear in the news that oil prices have gone up and almost immediately, that increase is reflected at the pump.   Whe ..read more
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