Mindblown: a blog about philosophy.
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Can we expect a BoC interest rate cute this week?
The Bank of Canada will issue its fourth interest rate update of the year. Inflation rates are projected to reach central bank targets in 2025. Experts predict a potential rate cut, which could impact the real estate market. Homeowners with variable-rate mortgages or HELOCs should pay close attention to the announcement. Fixed rates are expected…
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Finding Your Dream Home in a Seller’s Market: It’s Possible! | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Get a Real Estate agent: They can help you find new listings, negotiate offers, and understand the market. Get pre-approved for a mortgage: This shows sellers you're serious and helps you understand your budget.
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Mortgage Assumptions in Today’s Market | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Buyers assume sellers' mortgages for affordability amidst high rates, benefiting from lower rates. The seller's 2% mortgage was assumed, contrasting sharply with typical rates of 5-6%.
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Why Use Mortgage Brokers? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Mortgage brokers offer more choices and competitive rates than banks.Brokers can secure the best terms and rates upfront, unlike banks.
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Understanding Mortgage Refinancing in Canada: Legal Insights You Need
Mortgage refinancing in Canada is crucial for homeowners to manage finances effectively. It involves complex legal agreements, so understanding terms, consulting a lawyer, and complying with legal requirements are essential. Protecting borrower rights and seeking legal guidance can lead to a more stable financial future. Continue to full article
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Happy Father’s Day | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…
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Mortgage Renewals Set to Strain Canadians Despite Rate Cuts | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Interest rate cuts are expected by summer 2024, but won't significantly impact most fixed mortgages. 70% of Canadians have fixed mortgages secured at historically low rates, ~ 1.39%.
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Bank of Canada Divided on Timing of Interest Rate Cuts | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
The Bank of Canada's governing council is split on when to start lowering interest rates. While some members advocate waiting given robust economic performance and lingering inflation risks, others push for swifter action.
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Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages | OSFI Caps Mortgages for Highly Indebted Borrowers in 2025
Canada's banking regulator, OSFI, is imposing a cap on residential mortgages for highly indebted borrowers in anticipation of BOC rate cuts.Effective in Q1 2025, the new rule limits the number of mortgages a bank can issue exceeding 4.5X a borrower’s annual income.
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Why today’s inflation numbers are good if you have a mortgage
New data from Statistics Canada shows that the country's annual inflation rate has decreased to a three-year low of 2.7 per cent in April. This could lead to a possible interest rate cut, benefiting consumers. Food prices, services, and durable goods contributed to the slowdown, with core CPI measures below 3 per cent for the…
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