Mortgage Demand At Six-week Highs On Refinance Wave

Posted on February 4/2010 by

NEW YORK -- Demand for home loans rose to a six-week high on a mini refinance wave, with borrowers pushing to lock in rates before they climb later this year, the Mortgage Bankers Association said on Wednesday. Applications to buy homes and refinance loans jumped last week to mid-December levels as average 30-year mortgage rates held near 5 percent. The industry group's mortgage index jumped 21 percent last week, fueled by a 26.

0
Comments
Read More

Flaherty Has No Plans To Tighten Mortgage Rules

Posted on February 12/2010 by

Following a report in Saturday's Globe and Mail that banking officials have called for tighter mortgage rules to stave off a housing collapse, Finance Minister Jim Flaherty told reporters he does not see signs of a housing bubble in Canada.

0
Comments
Read More

February Record Sales Activity Jumps 74 Per Cent In Toronto

Posted on February 22/2010 by

The Greater Toronto Realtors reported a 74 per cent increase in sales for the first two weeks of February compared to last year, when the recession hit hardest.

0
Comments
Read More