Sentences with phrase «posted mortgage rates»

«Our use of posted mortgage rates, as opposed to market rates, in the calculation of affordability leads to a significant underestimation,» Hogue said.

While data on discounted mortgage rates — the posted rates minus discounts offered by banks and A-lenders to good, qualified credit borrowers — is not readily available, the Canadian Mortgage and Housing Corporation collected data on posted mortgage rates going back to 1951.

The spread between the banks 5 years fixed posted mortgage rate and GOC 5 years bond yield used to be 200 bps on an average.

Side note: The affordability measures from Royal Bank of Canada show housing to be less affordable but they use posted mortgage rates whereas the Bank of Canada uses discounted mortgage rates.»

However, amid an increase in government bond yields, Canada's biggest banks began raising posted mortgage rates last week.

Sales associate Smith posts mortgage rates and terms on his Web page.

In Canada, these macroprudential measures included the increase to minimum down payments required for home purchases over $ 500,000 and the requirement of all high loan - to - value borrowers (and those who chose amortizations over 25 years) to qualify based on posted mortgage rates, rather than discounted mortgage rates.

The home buyer would need to qualify for a loan at the negotiated rate in the mortgage contract, but also at the Bank of Canada's five - year fixed posted mortgage rate, which is an average of the posted rates of the big six banks in Canada.

According to a new RateHub.ca survey, consumers that shopped around for the best rates saved $ 53,089 (based on a $ 500,000 mortgage, amortized over 25 years)-- the difference between a lender's posted mortgage rate and the discount rate, over a five - year term.

For example, on the date of this post the mortgage rates in Houston, TX for a 30 year fixed - rate conforming mortgage is 4.500 % while the mortgage rates for a 30 year fixed - rate jumbo mortgage is 5.125 % or a difference of just over half a point between the two mortgage rates in Houston, TX.

On December 15, 2010, we also reported that discounted Fixed mortgage rates were going up but Posted mortgage rates were staying the same... we stated that your mortgage penalty would not decrease as it normally does when rates go up.

It noted that the changes don't apply to its posted mortgage rates, which are typically higher than special offer rates.

In a statement, Bank of Nova Scotia said: «Scotiabank has not increased its posted mortgage rates since January.