Rob McLister: Today's lowest national insured and uninsured mortgage rates, updated daily. Robert McLister: Co-op apartments can be two-thirds to one-half the cost of comparable condos, but financing them isn't easy. You can save this article by registering for free here. Or sign-in if you have an account. Robert McLister: Big banks typically reserve their lowest mortgage rates for clients who sign up for other products.
Robert McLister: Default-insured and uninsured rates are moving in opposite directions. Top bank heads expect many mortgage holders to be able to renew at lower rates over the next two years. Robert McLister: Here are some not-so-daring predictions for real estate and mortgage markets.
Robert McLister: Three-year terms still the sweet spot for most new borrowers. It's all very encouraging. If you are considering buying, it is time to get busy. Today is an opportunity that will look cheap a year from now. Robert McLister: When it comes to mortgage shopping, flexibility isn't just a yoga outcome, it's a financial survival strategy.
Robert McLister: Optimistic borrowers could face hard decisions in if an alternate reality hits the fan. Robert McLister: Variable rates within 36 basis points or less of lowest nationally-advertised fixed offers.
Butler: 'More reasonable' mortgage options will emerge once interest rates hit 2. Robert McLister: Floating rate mortgages are suddenly hotter than a vinyl summer jumpsuit. Robert McLister: Banks that fund most floating rate mortgages are clawing back some profit margin. By OSFI opening the door wider to switching lenders, more consumers will win at the renewal game. Robert McLister: Open banking is a boon to mortgage competition and efficiency.
