7% rates? New tech helps LOs pivot to DSCR investor loans
Even as some are expressing concerns about the performance of debt service coverage ratio mortgages, several lenders announced product expansion.Processing ContentThis is a...
Economists see inflation running hotter in Canada, survey shows
Economists are boosting their forecasts for Canada inflation, now saying price pressures won’t return to the central bank’s 2% target until the third...
How Chase, BofA, Wells are luring borrowers in a 7% market
With mortgage rates sidelining homebuyers, major banks are looking for ways to spark activity. Processing Content"A 7% mortgage rate sounds profitable for banks until...
Manulife sees Bank of Canada rate hike next month as inflation pressures build
The Bank of Canada is likely to raise interest rates at its next two meetings as the Middle East conflict creates the risk...