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  • Interest Rates are Holding Steady and Low

    As we head into quieter 'real estate waters', we do so with confidence. Interest rates have not changed this past week and are sporting some still very low rates. Check these out! Residential Mortgage Rates* Effective October 24, 2011*Term6 Month1 Year2 Year3 Year4 Year5 Year7 Year10 YearVariable RatePrime RatePosted ...
    Posted to Opal Hustins (Weblog) by 511602 on November 8, 2011
  • Rate Drop...

    Hi everyone, here's a note from my financial advisor: "Scotia announced a rate drop this morning on the 5, 7 and 10 year fixed rates.  Their 5 year fixed rate is currently at 3.69%.  I would expect other lenders to follow and could see the 5 year fixed rate as low as 3.49% - 3.59% by the end of next week. Keep in mind this is ...
    Posted to Opal Hustins (Weblog) by 511602 on July 29, 2011
  • Mortgage Interest Rates continue to drop...

    Hello folks and hope you are all enjoying the hot weather, either playing in it or keeping cool from it!  I wanted to update you with some interest rate information from my good friend/colleague/business associate: Rob Townley.  Here is what he has to say:"Well it looks like the rates will continue to drop. The variable rate ...
    Posted to Opal Hustins (Weblog) by 511602 on July 21, 2011
  • Rates possibly going up this week

    One of my business partners, Rob Townsley,  has giving me the heads up...thought you would all want to know.Residential Mortgage Rates* Effective June 27, 2011*Term6 Month1 Year2 Year3 Year4 Year5 Year7 Year10 YearVariable RatePrime RatePosted Rates*4.55%4.30%4.05%4.35%5.14%5.49%6.60%6.99%Best ...
    Posted to Opal Hustins (Weblog) by 511602 on July 5, 2011
  • Interest rate updates

    "It looks like the 5 year rate will continue to drop this week. Most lenders are at 3.89%. Bank of Canada as expected has also decided to not raise the bank rate and continues to hold at 1%. Most analyst are expecting the rates to stay low for at least 2 more years. Next rate announcement is in July."  This is a quote from one of my ...
    Posted to Opal Hustins (Weblog) by 511602 on June 2, 2011
  • Mortgage Rules have CHANGED...

    Hi Everyone, an email from my Financial Advisor...please read on... By this time you might have heard there were some changes made to the rules for insured mortgages.  The changes are to take place before March 15th.  Some lenders will probably make the changes earlier.1) Maximum amortization allowed on a mortgage has changed from 35 ...
    Posted to Opal Hustins (Weblog) by 511602 on January 17, 2011
  • Rates have increased...

    Residential Mortgage Rates* Effective April 16, 2010*Term6 Month1 Year2 Year3 Year4 Year5 Year7 Year10 YearVariable RatePrime RatePosted Rates*4.90%3.40%3.65%4.60%5.59%6.10%6.85%7.05%Best Rates*3.85%2.49%3.30%3.85%4.19%4.44%5.00%5.35%1.75%2.25%According to mortgage consultant, Rob Townsley, all lenders have upped their rates.  Not the end of ...
    Posted to Opal Hustins (Weblog) by 511602 on April 17, 2010
  • New Mortgage Rules...provided by Rob Townsley, Mortgage Consultant

    The feds have introduced some new changes in the way we qualify clients for mortgages. The good news, the change that was introduced will probably not effect most first time home buyers. People looking for a 2nd property or looking to refi their existing property will have the toughest time getting a mortgage that they are looking for. If you ...
    Posted to Opal Hustins (Weblog) by 511602 on February 22, 2010
  • Why the Hesitation?

    While getting ready to head into work this morning with thoughts of my appointments and the 'to do' list running through my head, questions started popping in my head:  Where is everyone?  Why are there not so many anxious buyers and sellers out there?  I mean, the rates are great, we are certainly on an upswing ...
    Posted to Opal Hustins (Weblog) by 511602 on January 27, 2010