Total Interest Exceeds Your Home Price Once Mortgage Rates Are Above 6.4%
With mortgage rates above 6.50% these days, the average home buyer today actually pays more in interest than the purchase price.For example, a...
Rents fall as new completions surge and demand slows, but rebound expected: CMHC
Canada’s housing agency says rental prices have fallen amid an influx of new completions and slower population growth, but demand in major cities...
Americans pull $47 billion in equity from their homes in 1Q
American homeowners removed 2% more equity from their properties year-over-year in the first quarter, the most for the three-month period since 2021, ICE...
Did Everyone Forget Mortgage Rates Were 2-3% Back in 2012 Too?
I was on LinkedIn the other day and came across a post featuring a mortgage rate history chart with rates for each year.It...
Weak economic backdrop could keep rent prices soft this summer: report
A new report says Canada could be poised for a slower-than-usual summer rental market as average asking rents for May were down approximately...
Divorce and mortgages: What lenders need to know
A single word in a divorce decree can shut down the best financing option available to your client and it happens more often...