Browsing: Mortgages

On a campaign stop in Port Moody, B.C., this weekend, Singh unveiled a plan to offer low-interest, fixed-term mortgages directly backed by the federal government. The…

Federal Reserve Chair Jerome PowellBloomberg News WASHINGTON — The Federal Reserve could continue shedding mortgage-backed securities even once it stops shrinking its balance sheet. During its meeting…

Total mortgage originations, including commercial deals, were $2.1 billion—or 26.5%— higher compared to a year earlier. For the full year, total mortgage origination volume in 2024…

President and CEO Andrew Moor said 74% of the bank’s uninsured single-family mortgages set to renew this year will see rate relief, and that’s based on…

Many people think of an existing single-family home when they think about homeownership or buying residential real estate. Purchases of this type of property are common,…

With additional Bank of Canada rate cuts expected, variable-rate mortgages are becoming an increasingly attractive option. But choosing flexibility comes with its challenges—borrowers must weigh potential…

The Consumer Financial Protection Bureau (CFPB) has a new acting director, none other than Treasury Secretary Scott Bessent.The news was announced today after the firing of…

This move is part of a deal the bank made last year after failing to prevent money laundering activities. The portfolio includes jumbo mortgages from U.S.…

At first glance, assumable mortgages sound like an awesome solution to a problem home buyers have been facing lately.With mortgage rates now closer to 6.5% instead…

For most of us, a home loan is the biggest loan we’ll ever take out. And we’d all be thrilled to be done with it before…