Aussie Rate Hike Puts Focus On BoC

Posted on October 7/2009 by Mortgage For Less

Australia surprised many by hiking interest rates yesterday. They’re the first Group of 20 country to do so since the global recession began. That’s got some looking for parallels between Australia and Canada. One parallel is with housing prices—which have rebounded strongly in both countries. A TD report yesterday said: “The Bank of Canada could very well follow suit [and raise rates] if Canadian real estate continues to heat up.

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Overnight Rate Holds Steady, “conditionally”

Posted on October 20/2009 by Mortgage For Less

As expected, the Bank of Canada announced that it will be maintaining the overnight rate of a quarter per cent, with a continued "conditional commitment" to maintain that until the second quarter of 2010.

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Study Says Variable-rate Mortgages Better Deal For Borrowers Most...

Posted on October 29/2009 by Mortgage For Less

TORONTO - Fixed mortgage rates may help you feel secure in your budgeting, but the Bank of Montreal (TSX:BMO) says the more volatile variable rate mortgages will save you money in the long run.

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