Neighbourhood Dominion Lending Centres
FSCO 11764 | Independently Owned & Operated
Mortgage Market Update
Date: September 22, 2012
Keeping you updated on Mortgage Matters
Market Comment
V39060: Government of Canada marketable bonds, average yield, 3-5 year
Low           06/01 /2012                             1.01

Average   1/02/2012- 09/18/2012          1.32           Piggy Bank

High           04/25/2012                              1.62 

 

Bonds remained relatively steady this week. No changes expected in interest rates at this time.

Five year money is currently in the 3.09% - 3.19% range.
We still have one lender, both conventional and high ratio, offering 10 year funds at 3.89%.               

 

If you have a variable rate of any more than prime +.75 or a fixed rate of 4.0% or more, we should explore the merits of refinancing to a lower rate.  

  

Contact us for a free, no obligation review. Spending a few minutes could save you thousands of dollars. 

  

Bank prime is 3.00%


The next meeting of the Bank of Canada is on October 23rd, 2012.

  

P.S. If you, your family, or co-workers require guidance on current market trends, please call us, we are always available to help.  

....Anne

Why cash rests in your home
Sep 18, 2012 6:06 PM ET | Last Updated: Sep 19, 2012 1:53 PM ET

It's become the new retirement savings plan - owning a home.

 

What else is one to make of a country where about half of Canadians said they didn't make a contribution to a registered retirement savings plan this year but close to 70% of households now own their home.

 

"Your money grows tax free," says Jason Heath, a fee-based certified financial planner with Objective Financial Partners Inc. "Even in your RRSP, there are forced withdrawals and it's fully taxable [when taken out]."

 


Click here to read the full article

 

Historical Interest Rate Graphs 
 
Below you will find a feature which will give you current interest rate trends.interest rate graph It can also be accessed on our web site. I hope you and your clients find it useful..
 

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In This Issue
Market Comment
Why cash rests in your home
Interest Rate Graphs
Quick Links

Anne Martin
 Anne Martin
Mortgage Agent
FSCO Lic. M10002257  
Neighbourhood Dominion
Lending Centres
FSCO Lic. 11764

39 Collier Street,
Suite 300
Barrie, ON  L4M 1G5

P: 705.720.1001 x225 or 1.888.500.1841
Direct: 705-791.6683
Fax: 705.739.1893 or 1.866.739.1893

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