MortgageLogic.news (Page 60)

Mortgage Renewals: a Financial Freddy Krueger?

Robert McLister Nov 01, 2023 5:16 AM ET

Some of the payment increases borrowers are seeing on renewal are a Nightmare on Mortgage Street—especially for folks without offsetting income gains. But some of these predictions of renewal payment shock are getting a little dramatic. The latest report to spawn worrisome headlines comes from RBC, who warns us

Lenders Jump on Board with Insured Contract-rate Qualifying

Robert McLister Oct 30, 2023 7:46 PM ET

Ever since OSFI revealed to the mortgage industry that it's possible to qualify an insured switch at the contract rate, lenders have been tripping over themselves to adopt the policy. That's good news for non-deposit-taking lenders, like mortgage finance companies, which typically lead the pack on

An Insider's View from the Helm of Canada's Largest Residential MIC

Robert McLister Oct 27, 2023 2:17 AM ET

There are big MICs, and then there are really big MICs. Antrim Investments is the latter, reportedly the largest residential MIC in Canada with $1 billion in assets under management, a 50-year track record and 2,200 active loans. We spoke with Will Granleese, Director and Portfolio Manager at Antrim,

The Market or BoC: Who Do We Believe?

Robert McLister Oct 25, 2023 5:08 PM ET

Mortgage borrowers need rate relief like a desert hiker needs water, but the Bank of Canada is keeping rate cuts a mirage with no oasis in sight. The BoC extended its rate pause today as expected—but moved the goalposts. The Bank now projects "that inflation will stay around

A 5% Ten-Year Triggers More Rate Peak Speculation

Robert McLister Oct 24, 2023 6:27 AM ET

For weeks, the buzz in bond circles has been dominated by speculation the U.S. 10-year Treasury would hit 5%. It finally did just that on Monday—for the first time since 2007—before collapsing by yesterday's close. Its u-turn lower was forceful, resulting in a key reversal

Mortgage Renewals: a Financial Freddy Krueger?

Lenders Jump on Board with Insured Contract-rate Qualifying

An Insider's View from the Helm of Canada's Largest Residential MIC

The Market or BoC: Who Do We Believe?

A 5% Ten-Year Triggers More Rate Peak Speculation

5yr Yield Unchanged After U.S. CPI Undershoot (Updated)

U.S. Inflation Undershoots at 2.3%

Mortgage Rates: Better Than You Think