After rates on new home loans jumped half a percentage point in recent weeks, the Source Mortgage team went into high gear, contacting clients who already had pre-approval. That’s because, although many of them might not have known it, their approval locks in the older, historically low mortgage rate for a period of up to [...]
If you’ve been keeping a close eye on Canadian mortgage rates, then you probably already know we recently saw a fairly large jump – half a percentage point – in new home loans. Naturally, this type of rate spike has lots of people concerned, especially when mortgage rates have been at historic lows for quite [...]
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