Sentences with phrase «cent interest rate as»

You can probably qualify for a five - year fixed rate mortgage today somewhere around 2.5 or 2.6 per cent interest rate as long as your credit is good.

Not exact matches

«(With an alternative lender), the interest rates are higher, the qualifying rate is higher than if you were going with a traditional bank and they are going to charge one per cent of the mortgage amount (as a lender's fee) for closing, so that means your closing costs increase.»

For Canada's five largest institutions, interest rates for high interest savings accounts range from as low as 0.05 per cent to as high as 1.7 per cent with Scotiabank's Momentum Plus Savings Account, according to RateHub.

As the nation watched horses on Tuesday, Wednesday saw a bullish Reserve Bank increase interest rates to 6.75 per cent.

The central bank stuck with its benchmark interest rate of 1.25 per cent Wednesday as it continued along a careful process of determining the appropriate juncture for its next hike.

A recent report by the Conference Board of Canada estimates that, based on the pace of the Canadian economy (and ignoring factors that are constraining our maneuvering space on monetary policy, such as the situation in Europe and the Fed's interest rate target), our key interest rate right now should be 2.5 per cent.

Recently, there has been some discussion, prompted by senior staff at the International Monetary Fund (IMF), that central banks might aim for high inflation — say 4 per cent — as a way of giving them more scope to reduce official interest rates in future downturns.

Australia's dollar is poised to drop another 5 per cent this year as the central bank stays on hold while the Federal Reserve keeps raising interest rates, Goldman Sachs Asset Management says.

For instance, for Canada and the U.S., we believe that the equilibrium interest rate in these conditions is on the order of 3 per cent, like a range of 2.5 per cent to 3.5 per cent, so much lower than what we used to think of as a normal, steady, straight interest rate.

If a consumer is saying that their costs are going up by 4 per cent because of carbon taxes, gas prices, and so on, you have to ignore that as you do your work around trying to set an interest rate.

The dollar fell a cent against the U.S. currency as traders realized the odds of another interest - rate increase this year had become remote.

Mark Carney, governor of the Bank of England, has kept the bank's main interest rate at a record low of 0.25 per cent as the economy weakens ahead of Britain's departure from the European Union.

In the GTA alone, sales climbed 21 per cent in August compared to the same month a year earlier as investors and homebuyers raced to beat rising interest rates.

Among the explanations that have been put forward are the increased credibility of central banks in controlling inflation (inflation rates remain below 3 per cent across the developed world), the low level of official interest rates in the major economies reflecting low inflation and the continuing weakness in some economies, a glut of savings on world markets particularly sourced from the Asian region, and changes to pension fund rules in some countries which are seen as biasing investments away from equities towards bonds.

The Bank of England raised short - term interest rates by 25 basis points in June to 7 1/2 per cent, citing mounting labour market pressures and an inflation rate above target as key concerns.

For the following year, underlying inflation of 2.6 per cent is expected, with a similar figure for the headline rate as mortgage interest reductions drop out of the calculation.

The headline rate could drop below half of one per cent by the second half of 1997, before moving back towards the underlying figure as the interest rate reductions pass out of the calculation.

Australia's big conglomerates now, such as Wesfarmers, were doing a fine job, but it was easier to manage debt levels with current interest rates of 5 per cent or so.

Borrowing figures have soared ever higher over the last few months, as the interest rate rose above nine per cent and several Portuguese banks warned they could no longer buy government debt.

As I noted this past January in Sixteen Cents: Pushing the Unstable Limits of Monetary Policy, a collapse in short - term yields to nearly zero is a predictable outcome of QE2, based on the very robust historical relationship between short - term interest rates and the amount of cash and bank reserves (monetary base) that people are willing to hold per dollar of nominal GDP:

Some smaller institutions offer higher rates, such as 2.3 per cent on a high interest savings account with EQ Bank.

TD's prime rate for other products with a variable interest rate, such as lines of credit, are not affected as that rate remains at 2.7 per cent.

The good news is that, as a self - employed taxpayer (or their spouse or partner), you actually have until June 15, 2018 to file your return; however, any taxes owing for 2017 must still be paid by April 30, 2018 to avoid non-deductible arrears interest, charged at the current prescribed rate of 6 per cent.

OTTAWA — The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as economic conditions move along largely in line with its expectations.

okay here's my two cents worth folks im up for renewal and have just nagotiated a rate 5 yr variable1.75 persent or if i want a five yr fixed at 4.49 still quite a gap between fixed and variable here i believe i have a little lee way here apparently i was only interesed in variable and five yr fixed but i made it absulutly apparent to them that when lock in from a variable i get the whosale discounted rate at that time and written into the contract i kinda believe this the way the market is heading as we head out of ressesion and the bank of canada is going to make there move i believe coming up in june and just to make this firm i do not believe the boc will raise rates in fast mode far from it will be slow process i don't care what the ecconmists are thinking we have to remember manufactering sector is reallt taking a hit on the high dollar and don't forget our niegbours to the south how dependent our canada is with them i believe it will be a slow process a lot of people heve put themselves in a debt load over these enormously low interest rates but i may be wrong i think a variable is the way to go if you want to work on that princibal at least should i say the say the short to medium term and betting that the bond markets stay put for the short to medium term - i have given enough interest to the banks maybe i can pay a little less at least fot the short to mediun term here i have not completly decided yet put i think im going variable although i wish my mtge was up a year ago that would have been just great congradulations to all that did.

TORONTO — Equifax Canada says non-mortgage consumer debt climbed 3.3 per cent year - over-year in the second quarter and warns that consumers» ability to keep up with their debt payments could be affected as interest rates and borrowing costs rise.

Short term rates are often stated as a fixed simple interest rate, or «cents on», as we believe this is an easier way for you to understand the true «cost» you are paying to borrow.

Something as minuscule as having a three - cent surplus at a retail store could negatively affect your rating, which may force you to pay higher interest rates.

We offer private, commercial and personal finance with very minimal annual interest rates as low as 2.5 per cent within 1 year to 50 years maturity period anywhere in the world.

or average since they are about the same thing about 80 pip, aud / usd not the best one to short fundamentally as higher interest rate (4.5 % current — but if threat of eurozone it interest rate will go down causing panick to below 95 cents).

The Bank of Canada recently announced an increase in its key interest rate from 1 to 1.25 per cent and, subsequently, most major banks have raised their prime lending rates 25 basis points as well to

The Bank of Canada recently announced an increase in its key interest rate from 1 to 1.25 per cent and, subsequently, most major banks have raised their prime lending rates 25 basis points as well to 3.45 per cent.

From the historical perspective, Campbell sees any interest rate of less than eight per cent as pretty good.

As a result, the interest rate to be applied on Mr. El - Khodr's general damages was 2.5 per cent.

While this card does come with an annual fee of $ 120, and interest rates at 16.80 per cent plus prime (19.80 per cent at today's rates), it also includes a key opportunity for savings: it's loaded with travel insurance options such as travel medical and trip cancellation insurance.

In hindsight, they had to hang on for another five - year term, as six - month interest rates were at 7 1/2 per cent in 1987.

Returning to the mortgage at hand, when it was boiled down to its essence, the arrangement offered by the lender in this imposed a 25 per cent interest rate on arrears, as compared to 7.5 per cent interest on principal money not in arrears.

Eighteen per cent to 20 per cent interest rates would be a challenge, but I do not believe that industry «issues» should be confused as challenges for agents who read REM, in their day - to - day business.

But it wasn't as bad as 1981 to 1985, where we saw interest rates as high as 28 per cent.

Mathematically, this change has the same impact on mortgage affordability as a.95 per cent rise in interest rates.

We have even observed the return of interest rates as low as a 2.99 - per - cent fixed rate for five years.

For example, there was a period in August of 1981 when mortgage interest rates spiked as high as 22.75 per cent.

The initial contributing factor to the downturn was mortgage interest rates that spiked as high as 22.75 per cent in August 1981.

Eighty - six per cent of potential first - time buyers say low interest rates make them more likely to purchase a home; 81 per cent cite lower housing prices as a motivating factor; while 76 per cent cite job security; and 64 per cent say a stable economy is an important factor in their decision to buy.

Bank of Canada Interest Rate Announcement - October 25, 2011 As was universally anticipated, the Bank of Canada opted to hold its target overnight rate at 1 per cent this mornRate Announcement - October 25, 2011 As was universally anticipated, the Bank of Canada opted to hold its target overnight rate at 1 per cent this mornrate at 1 per cent this morning.

A survey conducted for CIBC by Decima Research shows that 82 per cent of Canadians believe that mortgage interest rates are as low as they will go.

Nearly half of the 765 Royal LePage sales reps and brokers polled in Ontario and B.C. said the HST that took effect in both provinces July 1 is having the greatest effect on the cooling residential real estate market, compared to just 28.4 per cent who cited rising interest rates as having the greatest effect.

Forty - six per cent of respondents agreed that «as a whole, Canadians have too much debt» and many believe that «low interest rates have meant that a lot of Canadians, who probably should not have, became homeowners over the past few years.»