Canada Mortgage Hub Discussion Board

Canada Mortgage Hub Discussion Board



SearchSearch   Members      Login
Today: 20.01.2018 - 03:25:17
   Canada Mortgage Hub Discussion Board -> Mortgage Rates Canada -> Can a bank not raise their mortgage interest rate if others do?
Autor Post

rmoore6483

User



Statistic:
Total topics: 5
Total posts: 17
Reputation: 297 ±
Penalties: 0
Can a bank not raise their mortgage interest rate if others do?
--------------------------------------------------
--------------------------------------------------
Average mortgage in canada
Post # 1.

panic28

User



Statistic:
Total topics: 12
Total posts: 12
Reputation: 418 ±
Penalties: 0
The rates are based on government set rates. So that's why they all change at once.
--------------------------------------------------
Post # 2.

p6d5

User




Statistic:
Total topics: 9
Total posts: 24
Reputation: 437 ±
Penalties: 0
Yes since the increase is due to the Government increase in the Prime lending rate. That is why all banks increase at the same time
--------------------------------------------------
Best hosting canada
Post # 3.

poutnikov

User




Statistic:
Total topics: 14
Total posts: 30
Reputation: 531 ±
Penalties: 0
The prime rate has little to do with real estate loan interest rates.What effects RE interest rates is the bond rates. Generally speaking all lenders get the money that they make RE loans with is from the same place, the Federal Reserve. Lenders seldom portfolio the RE loans they make, but package them and sell them to investors. The lender will often service those loans for a fee in behalf of the investor but the bank usually doesn't own the loan.
Post # 4.
1  


Powered by © 1.8 eXclusive