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Broker vs. Branch Pricing: Reality Check

Brokers prefer to get paid full commission on every deal, but it doesn't always work that way. Sometimes, even those who’d rather wrestle an alligator than offer a buydown end up shaving their pay or kissing a deal goodbye. That brings us to a recent case where

So Long Simplii Mortgages

💡See also: 5yr Yield Unchanged With U.S. Bonds Closed + Mortgage Tidbits CIBC has quietly pulled the plug on the mortgage origination business at its digital banking arm, Simplii Financial. The guillotine dropped on June 19.

Floaters are Losing Their Charm

As your devoted chronicler has reported for weeks, fewer borrowers are biting on variables. According to the latest official numbers for chartered banks, floating-rate market share fell in April from 43% to 40%. And it should drop again in May.
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