Toronto Realty Blog

APRIL 18, 2022

As has been widely discussed, the Bank of Canada raised the overnight lending rate by 50 basis points last week, on the heels of a 25 basis point increase last month. The 5-year, fixed-rate mortgage isn’t affected by the overnight lending rate, but rather the variable is. Fixed-Rate (5-year): 4.19%.

Fixed-rate mortgage 106

Fixed-rate mortgage Mortgages Purchase and sale agreement MLS 106

Toronto Realty Blog

JANUARY 13, 2021

Rosy views on the housing market have helped drive overall household sentiment back to pre-pandemic levels even with the country dealing with a second wave of COVID-19 cases and new lockdowns. I currently have a five-year, fixed-rate mortgage approved at 1.30%. That’s not a typo: that says 1.30%.

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Sales Pre-approval Fixed-rate mortgage MLS 96

Marco Santarelli

AUGUST 2, 2020

Let us continue to explore the housing market trends — from pre-COVID-19 days until July. It seems they want to cash in on the opportunity to purchase their favorite properties amid a historically low-interest rate of 3.3 percent on a 30-year fixed-rate mortgage. The month's supply of inventory dropped by 11.5

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Marketing Sales Pre-approval As-is 142

Toronto Realty Blog

JANUARY 8, 2024

” or, God forbid, “More MLS Musings?” And excited as you may be, you simply can’t get over the fact that your 5-year, fixed rate mortgage pre-approval comes with an interest rate of 5.49%. Just consider this scenario for a moment: You’re in the market for your first home.

Sales 98

Sales As-is Marketing Pre-approval 98

Housing Wire

JUNE 5, 2024

Focus on areas that are desirable, turn over at a reasonable rate, have low average days on the market, and a good average sale price. Call your MLS to set up a custom ‘daily hotsheet’ for those areas and review the report daily. Know the following: • What is today’s mortgage interest rate for a 30-year fixed rate mortgage?

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Pre-approval New Construction Fixed-rate mortgage Loans 424

The Close

DECEMBER 29, 2022

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. It’s kind of like a fixed-rate mortgage and an adjustable-rate mortgage had a baby. Got Clients With Interest Rate Questions? Share This!

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98

Marco Santarelli

FEBRUARY 8, 2025

Lisa Sturtevant , the chief economist at Bright MLS, highlighted the “mixed bag” aspect of the report. 30-Year Mortgage Rate Falls Below 7% to Close January 2025 Mortgage Rates Drop This Week After Reversal of Tariffs What Should Homebuyers Do?

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Mortgages Pre-approval Fixed-rate mortgage Residential 52