Full blogpost this weekend to your email! If you missed the last mortgage memo, two weeks ago, here’s the link!
Lots of good conversation in this weekends edition, out Saturday or Sunday. Snippets below!
Sorry for my slowness in getting “mortgage memo” out. It’s been a crazy few weeks!
Insured/Insurable:
Variable 5 year: Prime – 1.00% (currently 4.20%) – High ratio purchases
Fixed 5 year: 4.19% – High ratio purchases/some switches
2 year fixed, 3 year fixed: 4.29% – High ratio purchase/some switches
Uninsured/Refinances:
Variable 5 year: Prime – 0.80% (currently 4.40%)
3 year fixed – 4.49%
Remember! Rates vary depending on the type of mortgage transaction, downpayment amount, lender, and qualifications. Rates also depend on when your mortgage is closing and the size of the mortgage.
Rates subject to change.
I can have a quick call with you to help you determine what your rate is going to be!
It’s the draft so far. Full post will be sent out by email on Saturday or Sunday, once I finish!
Notice how “could” is in quotations.
For those who bet, or don’t bet, the game of rates just changed……….(more to come)
Slow down, though. I’m not saying that rates are going to go up, I’m just saying…..(this weekend’s blog)
I might think about…….
that we’re even having to deal with this. Tariffs. Really??
Now rates are at risk of going up because of all this stupidity. Honestly, before Trump and tariffs, our economy was coming in nicely for it’s soft landing. So much for that.
(For those that don’t want a political viewpoint, skip over this next section, it’s not for you).
So we know overall debt will increase with the Trump presidency. Wait, is there a pattern here? Of stupidity? Yes. But also in what happens with each Republican President…………..
(more to come)
On the flipside of the coin………
I’ve been lax in my mortgage memos these last two weeks, given that the phone is ringing off the hook and so many people need sound advice. I’ll try to have two more out next week, after the blog post this weekend.
I’m working on my web dev skills. I would have rather put a feedback box of some sort instead of a link. As usual, if you have some feedback please email me at david@olympicmortgages . ca (make sure you take out the spaces), or respond to my original email if you got this by email!
And for the subscriber that pointed out bugs bunny and the phrase “that’s all folks”, wasn’t quite accurate, here it is again, more accurately with Porky Pig 🙂
Mortgage Memo gets going! Are you signed up? I had some great feedback on the blog a few weeks ago, and about 150 signups to mortgage memo. I’m not signing everyone up to mortgage memo, only those who ask. This blog only goes out once every two to three weeks, while mortgage memo is more […]
Today: Rates, then News, Then Your Mortgage Product of The Day First, let’s get to Rates, Thursday January 30, 2025: Important note: These are indicative rates only. They are basically what I’m seeing around the market and what I can offer. Rates are subject to change at anytime. Rates are very unpredictable. Everyone’s rate is […]
(article sent out to newsletter distribution list on January 28, 2025) You heard it here, first! I scrambled today’s newsletter together to beat the crowd, ahead of the BoC rate cut tomorrow. You heard it here first, people! I might be totally wrong in my prediction, but hey, nothing ventured, nothing gained, right? It wouldn’t […]