Browsing: mortgage

Of mortgage holders facing renewal in the coming 12 months, 69% say they are anxious about the process, marking a seven-percentage-point decrease from last year, according…

Following OSFI’s removal of the stress test requirement for uninsured switches last month, BMO initially adopted the change but reversed course this week, reinstating the requirement.…

Well, it happened again. The Federal Reserve announced another rate cut and mortgage rates surged higher.In fact, the 30-year fixed now starts with a 7 instead…

Canadian homeowners are increasingly tapping into their home equity, with HELOC (Home Equity Line of Credit) usage rising to its highest level in nearly two years,…

It’s that time of the year when I look at what the next year might have in store for mortgage rates.It’s never easy to accurately forecast…

Flagstar Financial promoted mortgage industry veteran Lee Smith to chief financial officer, the latest strategic move the bank has implemented in its 2024 upheaval after balance…

While 2025 offers some hope mortgage rates will move lower, that’s still very much up in the air.There are renewed worries that inflation could reignite, pushing…

In late January, Strike Out Cancer will bring mortgage industry professionals together for nine bowling events across Canada, kicking off in Saskatoon on January 21, followed…

Sdi Productions | E+ | Getty ImagesA number of factors can get your mortgage application denied. So-called “unverifiable income” is one of them. Mortgage lenders want to…

When mortgage rates fell to around 6% in August, homeowners jumped at the opportunity to refinance.In the months of September and October, more than 300,000 borrowers…