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PostPosted: Thu Jun 13, 2013 10:29 pm 
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What's your best guess all you mortgage brokers for what interest rates might be down the road in Spring of 2014? :)


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PostPosted: Fri Jun 14, 2013 5:23 pm 
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Location: Vista Phase 1
I would love to hear some educated guesses as well! I'm up for renewal at the beginning of next year.


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PostPosted: Fri Jun 14, 2013 6:09 pm 
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Burrcold wrote:
I would love to hear some educated guesses as well! I'm up for renewal at the beginning of next year.


Now if I said I was renewing this month there would be a pack answering. :D


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PostPosted: Fri Jun 14, 2013 7:48 pm 
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It really is impossible to know for sure and any answer really isn't much more than a guess. That being said, given the state of the global economy, I would anticipate them to still be fairly low overall. Under 3.49% for a 5 year fixed. Although, anything can happen of course :)

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Paul Meredith
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CityCan Financial (est 1976)
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PostPosted: Mon Jun 17, 2013 9:46 am 
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I would also agree with Paul 100%, except on one small detail - they will go to 3.57% :wink:

Those who are suppose to be making "educated" guess in the last few years (leading bank economists) have been wrong more time than i can remember. Especially with regards to prime going up.

It makes sense for the rates to stay in the 3% range but we shall wait and see!

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Mathieu Fugere
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PostPosted: Mon Jun 17, 2013 10:28 am 
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I hope they stay pretty low. :) Used to be a builder's banker offered low capped rates for up to 18 mths. but now the rates for holds are not low at all. :?


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PostPosted: Mon Jun 17, 2013 10:40 am 
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the 18 months capped rates were always higher then the 30-60 day options. Best we have now is a 6 month hold at 3.25%

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Mathieu Fugere
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Office: 416.945.9123
Cell: 416.899.7847
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mathieufugere@mortgageedge.ca
www.mortgageedge.ca


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PostPosted: Mon Jun 17, 2013 10:48 am 
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fugee wrote:
the 18 months capped rates were always higher then the 30-60 day options. Best we have now is a 6 month hold at 3.25%


Our last brand new build was in 2003, at that time we were guaranteed a locked rate for at least 12 months of the going rate capped. Obviously it's changed since then. :?


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PostPosted: Mon Jun 17, 2013 1:58 pm 
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what is the best rate looking like now for a 5 year fixed with average pre-payment privelages?


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PostPosted: Mon Jun 17, 2013 2:15 pm 
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it obviously depends on a few factors but on 30 day close, you can get 2.80% (high ratio) and 2.90% (conventional) and both with 15% pre-payments.

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Mathieu Fugere
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Licence #M08005933
Office: 416.945.9123
Cell: 416.899.7847
Fax: 905.693.8657
mathieufugere@mortgageedge.ca
www.mortgageedge.ca


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