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Wise Tips on Improving Your Credit

Wise Tips on Improving Your Credit

Wise Tips on Improving Your Credit Bad credit will hinder your ability to purchase a home, by a car, start a business and even stop you from funding your education. Therefore, it is necessary to make sensible financial decisions and build good habits to ensure your...

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Why You Need To Get a Pre-Approval

Why You Need To Get a Pre-Approval

Why You Need To Get a Pre-Approval A mortgage pre-approval is an important part in the process of purchasing a home, especially as a First Time Home Buyer. If you are a first-time home buyer, it is imperative to obtain a mortgage pre-approval before speaking with a...

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What is Mortgage Default Insurance?

What is Mortgage Default Insurance?

What You Need to Know About Mortgage Default Insurance. If you are a first-time home buyer, your probably wondering what mortgage default insurance is and why they require borrowers to have it. You may already know if your purchasing a home with less than 20% down...

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How Much Down Payment Do You Need?

How Much Down Payment Do You Need?

How Much Down Payment Do I Need? How much down payment is required to purchase a home? Of course, the answer for this question will differ from person to person. But the rules and conditions surrounding down payments are the same for everyone. When purchasing a home...

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Bond yields spiked with news of Pfizer’s COVID vaccine. Basically when bond yield goes up so do fixed mortgage rates.

5 year fixed rates may have hit there lowest point.

https://www.ratespy.com/rate-risk-just-went-up-110916734

OSFI still plans to revive its consultation on improving the minimum mortgage stress test rate (a.k.a. benchmark rate). But it could take a while.

https://www.ratespy.com/osfi-on-reviewing-the-stress-test-rate-110516693

We get it. Quantitative easing can sound complicated. But it’s helping Canada’s #economy recover from the impacts of the pandemic. Here’s a quick guide to how it works. #cdnecon http://ow.ly/AS1350C6uI1

@bankofcanada The Governing Council has decided to hold the policy interest rate at the effective lower bound until economic slack is absorbed.

No rate hikes until 2023?
.
.
https://www.ratespy.com/boc-decision-more-impact-on-5-year-rates-than-prime-rate-102816166

Wise words from the team over at @wise_equity!

Don’t roam through life without knowing your worth. It’s easier to be taken advantage of that way.

Do your research, ask the tough questions and prepare yourself for the tough answers. Then its on you to do whatever it takes.

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