Mortgage Blog
Why I Don't Care About What Warren Buffet Says...
May 15, 2012 by Jennifer Rochford
Ever since the credit crisis began, so called experts have made minute-by-minute predictions about when things will either finally get better or spiral downward in to new depths of despair. There has been talk of bubbles and booms, crashes and collapse and just when they predict a step forward, we’ve taken two step backwards. Even investment guru Warren Buffet predicted that the US real estate market would be much improved at this juncture and has now had to publicly apologize for being a bit hasty with his forecast.
Something that seems to confound the experts can certainly be very ...
Read more »Mortgage & Market News, May 14th, 2012, Edmonton & Calgary
May 14, 2012 by Jennifer Rochford
First Foundation’s Best Rates To Open the Week:
Term Rates
1 Year 2.89%
2 Year 3.05%
3 Year 2.99%
4 Year 3.29%
5 Year 3.09%
7 Year 3.99%
10 Year 3.89%
ARM / Variable 2.85%
Line of Credit 3.50%
Prime Rate 3.00%
Qualifying Rate 5.44%
Market News
Failed talks in Greece about forming a new government raised worries that the country may have to exit the European Union and caused the Toronto stock market to tumbled onday to its lowest level since early October.
The S&P/TSX composite ...
Read more »5 Year Fixed Rate Special - 3.09% - 3 Days Only!
May 14, 2012 by Gordon McCallum
Today we’re pleased to announce, as a special for our website visitors, a three-day rate special.
From Monday, May 14th (today) until 5pm on Wednesday the 16th, qualified borrowers (good credit, good jobs, good homes, down payment) can get a 5 year fixed-rate mortgage at 3.09% if it funds before May 31st.
If you have already qualified for a mortgage with another institution at a higher rate, it may not be too late!
Call or contact us for more information to see if you qualify!
For more details on the program you can visit our mortgage rate special ...
Read more »BungoBox Rental - Third Week Free!
May 11, 2012 by Gordon McCallum
Our friends at BungoBox Edmonton have sent us an exclusive offer just for First Foundation mortgage clients, so we thought we’d spread the word!
Third Week FREE!
Read more »Seeing Past a Home Stager's Wizardry
May 9, 2012 by Jennifer Rochford
The staging of homes for sale with the intent to give them a more show home-like feel is gaining in popularity, especially this time of year when things get a bit competitive out there in the housing market.
While it`s certainly nicer to view a dolled up home then a neglected one, a recent article on Moneyville reminds buyers to try to see past the rented, matching furniture and trendy area rugs.
Read more »“Remember that no matter how beautifully decorated a home may be, its true value hinges on practical considerations — how much space it offers, the neighbourhood it’s ...
Cool Tools - Genworth's Homebuyer 101 Course
May 8, 2012 by Jennifer Rochford
Genworth’s Homebuyer 101 Course is not so much a course as it is game, much like The Game of Life – everybody likes The Game of Life! There’s the tiny family size sedan and the little blue and pink pegs that represented your marriage partner and your kids. I could never wait to see who I ended up with in my bright green jalopy!
The Homebuyer 101 course reminds me of the classic family board game, minus the board and the little pegs – it’s all online and it’s a cool way to introduce buyers, new and experienced ...
Read more »Mortgage & Market News, April 30th, 2012, Edmonton & Calgary
May 2, 2012 by Jennifer Rochford
First Foundation`s Best Rates:
Term Rates
1 Year 2.89%
2 Year 3.05%
3 Year 2.99%
4 Year 3.29%
5 Year 3.25%
7 Year 3.99%
10 Year 3.89%
ARM / Variable 2.85%
Line of Credit 3.50%
Prime Rate 3.00%
Qualifying Rate 5.44%
Market News
The Toronto stock market fell with the S&P/TSX composite index down 102.67 at 12,230.12 due to worse-than-expected numbers calculated by a private U.S. payroll firm suggested private employers created 119,000 jobs in April, when the markets had expected 170 ...
Read more »McHappy Day for Ronald McDonald Houses
April 27, 2012 by First Foundation
Our friends at Pure Logic Solutions asked us to mention this on our blog and invite you to join them, Schmidt Realty Group, and First Foundation on May 2nd to support Ronald McDonald Houses. Here are the details:
On May 2, 2012, McDonald’s restaurants across the country will celebrate McHappy Day, an annual fundraising event where $1 from every Big Mac sandwich, Happy Meal and hot McCafé beverage sold will go to local Ronald McDonald Houses. Last year McDonald’s was able to raise over 3 million dollars on this special day. This year marks the 19th anniversary of ...
Read more »Mortgage & Market News, April 23rd, 2012, Edmonton & Calgary
April 25, 2012 by Jennifer Rochford
First Foundation’s Best Rates to Open the Week:
Term Rates
1 Year 2.89%
2 Year 3.05%
3 Year 2.99%
4 Year 3.29%
5 Year 3.25%
7 Year 3.99%
10 Year 3.89%
ARM / Variable 2.85%
Line of Credit 3.50%
Prime 3.00%
Qualifying Rate 5.44%
Market News
The TSX was on the upswing after three consecutive negative sessions, up about 57 points, or 0.48 per cent, to 12,037 at midday. The gains were made as investors held their breath waiting for a policy statement from the Federal Reserve ...
Read more »Relationship Between Bank of Canada and Fixed Rates
April 17, 2012 by Gordon McCallum
Earlier today I had a really good question from a client who wanted to know if the Bank of Canada’s Announcement about maintaining the overnight rate at 1% meant he could wait before deciding on a fixed-rate mortgage. This is my answer to him:
That's an excellent question. The answer is "not necessarily". There's not a direct relationship between the Bank of Canada rate and the fixed rates on the market. Variable rates fluctuate with the BofC, but fixed rates are linked very closely to the bond market.As bond yields increase, fixed mortgage rates increase. Bond ...
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