Mortgage Bytes - MortgageLogic.news (Page 6)

Soaring Population Creates a Mortgage Rate Conundrum

Robert McLister Mar 12, 2024 0 Comments

💡Also below: • The Latest from RateLand • Value Zone • Equitable's New 3-year ARM Rate • Mortgage Bytes Markets are betting on 2024 rate cuts like they've got insider information. But overconfidence in a position can bite one in the posterior. Mortgage shoppers should all be asking the same

Rate Market Shrugs Off Mixed Employment Message

Robert McLister Mar 08, 2024 0 Comments

ℹ️See also (below): Deadline looms for Ontario mortgage agents and brokers. Friday's job numbers came rolling in like a pair of dice, and thankfully, the bond market didn't crap out. This month's employment double header showed some sparks, but yields fell nonetheless. The

BMO's Broker Rollout: Niche Programs. Selective Access (For Now)

Robert McLister Mar 05, 2024 0 Comments

Mortgage brokers are lining up to sign on with BMO, but the bank is taking it slow. A few months into its official channel launch, it's brought on just over 100 brokers. "We're expanding that quickly," says Hassan Pirnia, Head of Personal Lending and

Adios FTHBI. Don't Let the Door Hit You in the Futility on the Way Out

Robert McLister Mar 01, 2024 0 Comments

💡Reader note: The March 1 Rate Simulator update is live with the latest forward rate outlook. Download here. The First Time Home Buyer Incentive was a policy flop, and now, thankfully, it's flopping off the radar. In a sudden change, CMHC announced that the last date for new

NPX Defies Conventional Underwriting

Robert McLister Feb 09, 2024 0 Comments

🗞️Also below: • The Unemployment Illusion & Its Rate Effect • Mortgage Bytes Any mortgage pro will tell you, there's no shortage of options for borrowers who can't, or don't want to, qualify for a mortgage the old-fashioned way—i.e., using traditional bank guidelines and

Tag: Mortgage Bytes

Soaring Population Creates a Mortgage Rate Conundrum

Rate Market Shrugs Off Mixed Employment Message

BMO's Broker Rollout: Niche Programs. Selective Access (For Now)

Adios FTHBI. Don't Let the Door Hit You in the Futility on the Way Out

NPX Defies Conventional Underwriting

Mortgage Memo: Jan. 14

CMLS Revamps 2025 Strategy to Entice Brokers

Mortgage Memo: Jan. 13