5 Year Fixed 3.49%

5 Year Variable 2.95%

Current Mortgage News

Barb Kramer of Mortgage Brokers Ottawa is joined by Paul Rushforth and host Steve Gregory on this week’s edition of the Real Estate & Mortgage Show discussing the strong and stable Ottawa economy, the increase in mortgage rates, and debt consolidations.

In a report released today, The Bank of Canada has decided to increase the overnight lending rate by a quarter point.

Frank Napolitano joins Paul Rushforth and Steve Gregory on this week’s edition of The Real Estate & Mortgage Show discussing profiles of first time home buyers and the rate going up in the mortgage environment.

Frank Napolitano is joined by host Henry Burris discussing what consumers can expect in the mortgage environment in 2018 including rate increases on the horizon and what credit facilities are not using the stress test rules to qualify new mortgage applications.

Host Steve Gregory is joined by Frank Napolitano and Lisa Boutilier on this week’s episode discussing the mortgage rate environment and the Ottawa housing market.

With the new B20 guidelines now in effect, some consumers are asking: Should I switch or simply renew?

Ottawa home buyers rushed to seal deals ahead of strict new mortgage rules that kick in Jan. 1

On this episode of CTV Morning Live: Mortgage Minute, host Henry Burris and Frank Napolitano discuss the stress test coming into effect on January 1st, 2018, why the government has implemented these changes and how it will affect qualifying for new mortgages.

This week the team touches on the current housing market in Ottawa and who is affected by the new mortgage rules.

Whether you’re looking to purchase a home, refinance your current home or just want to get a handle on your finances, budgeting is the first step in the process.

On this week’s episode, Mortgage Brokers Ottawa’s Barb Kramer joins Paul Rushforth and host Steve Gregory to discuss the importance of a pre-approvals and financing waivers with the new rules coming into place and the value of bridge financing.

No one ever thinks when signing a new mortgage that there may be circumstances in the future that may cause them to break their mortgage contract early. In fact, nearly 68% of mortgage are paid off either entirely or replaced by a new mortgage before the end of their term. That’s nearly 68% of people incurring a penalty.