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Thursday, November 1, 2018

On October 24th the Bank of Canada has raised its benchmark interest rate by a quarter point for the fifth time since last summer, pushing up the cost of borrowing for Canadians.

The bank's rate is now set at 1.75 per cent. That's the highest it's been in almost a decade, dating back to December 2008.

https://www.cbc.ca/news/business/bank-canada-interest-rate-1.4875958

Mortgages Red Deer at //shoplocal.ly/01YT7l

Posted at 03:54 PM

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Wednesday, October 31, 2018

Happy Halloween!!

Posted at 12:26 PM

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Sunday, October 28, 2018

Do you need a Second Mortgage? A second mortgage is a secondary loan held on top of your current mortgage. A different mortgage lender will typically provide this product. It’s important to note that second mortgages have their own rates and terms, and is paid independently of your primary mortgage.

Second mortgages are loans that are secured by your home equity. Usually, you can acquire up to 80 percent of your home equity through a second mortgage. Talk to us and we can give you all the information you require to make the best... more

Posted at 12:25 PM

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Friday, October 26, 2018

The cost of loans linked to the big bank prime rates are headed higher in the wake of the Bank of Canada's October 24th decision to raise its key interest rate target by a quarter of a percentage point.The Royal Bank of Canada, Bank of Montreal, CIBC and TD Canada Trust said they are raising their prime rates by a quarter of a percentage point in the wake of the central bank decision.The big four Canadian banks each raised their prime lending rates to 3.95 per cent from 3.70 per cent, effective October 25th.... more

Posted at 01:57 PM

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Thursday, October 25, 2018

At Mortgage Architects in Red Deer we offer home buyers access to rate information and mortgage options from a wide range of lenders, including most of the major banks.

We have an outstanding range of mortgages and lenders available to help you build a mortgage blueprint that fits your financial future. Since every commercial application is unique, we cannot simply give you links to ‘click’ on for answers.

We would be more than happy to take a look at your needs and find the solution that will work best for you! Please give Kelly a... more

Posted at 12:24 PM

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Sunday, October 21, 2018

Interest rates, and more specifically the growing certainty of higher rates to come, have been dominating headlines following the announcement of a new trade agreement between Canada, the U.S. and Mexico.

With the expectation of rising interest rates, many eyes are also on the developments in the Central Alberta real estate market.

https://www.canadianmortgagetrends.com/2018/10/latest-mortgage-news-home-prices-rate-hikes/

Mortgages Red Deer at //shoplocal.ly/01YT7l... more

Posted at 12:23 PM

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Friday, October 19, 2018

Check out these Halloween decorating ideas!

https://www.hgtv.com/design/make-and-celebrate/handmade/our-55-favorite-halloween-decorating-ideas-pictures?fbclid=IwAR0_6X9PSdug7TJNV3We6yNKt-P6udvigaxX8deHfOWdrNmybaeSg-UlGMM

Posted at 05:15 PM

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Thursday, October 18, 2018

As interest rates start to creep up, homeowners with variable-rate mortgages are wondering whether to lock in to a fixed-rate one.

Since July of 2017, the Bank of Canada has increased interest rates four times, bringing the current rate to 1.5 per cent from 0.5. There is still speculation that there could be one more increase before the end of this year. The Bank of Canada has also given its neutral rate, or the rate that neither stimulates nor restrains the economy given current conditions, as 2.5 to 3.5, which some experts have... more

Posted at 12:18 PM

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Tuesday, October 16, 2018

With over 50 different mortgage lenders to choose from, we can offer you more mortgage options than a typical bank can. Whether you are a first time home buyer or refinancing we can help you find the right mortgage for your financial needs.

Mortgages Red Deer at http://shoplocal.ly/01YT7l

Posted at 09:27 AM

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Saturday, October 13, 2018

Begin by talking with a mortgage broker - to gain a better understanding on how much mortgage you can manage, and to explore both traditional and innovative mortgage options.

You're about to take a big step; you'll want some advice from an expert. I have access to mortgage rates and features that can help you achieve your home buying dreams. My best advice? Begin with a conversation.

Mortgages Red Deer at http://shoplocal.ly/01YT7l

Posted at 09:26 AM