Pine trees can be prickly. How appropriate because that's exactly what kind of competitor Pine Canada Financial Corporation ("Pine") is becoming.
You'll notice in the rate table below, Pine has decided to emerge from the forest undergrowth and overtake every national lender in uninsured 1- to 5-year fixed pricing.
With cutthroat mortgage competition, plummeting insured volumes and margins so thin they'd starve a supermodel, it's been way more challenging to make money in insured lending.
That and non-stop regulatory tightening have inspired mortgage finance companies to jump headfirst into the alternative lending pool.
Strive is no exception. It's been
It's hard to take a firm position on which mortgage term is optimal for most people at any given time. But on Friday, we did just that by awarding the "MVT" (most valuable term) to floating-rate mortgages.
Now, we take such declarations seriously and didn't just pull this call out
Just when you thought jobs data Fridays couldn't get more exciting, the economic deities serve up two reports tailor-made for low-rate aficionados.
Today's softer-than-expected employment data is keeping North American bond yields in a nosedive. And given the market's positive reaction to U.S. Treasury supply projections, it looks increasingly
Most Canadians don't pencil in U.S. Federal Reserve meetings on their calendars. But if they want to understand what's influencing their mortgage costs, they might consider it for 2024.
At Wednesday's meeting, #FOMC# members voted unanimously to keep America's top policy rate at 5.50%.
That should matter to
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