Mortgage rates

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Porting a Mortgage is Harder Than You'd Think

Mortgage portability allows you to move an existing mortgage to a new home and keep the same interest rate without incurring prepayment penalties on the sale of your previous home. Not all mortgages allow for porting, but if yours does, this sounds like a great way to right avoid penalties, right? Not necessarily.
CP

BoC Will Cut Rates Again: Bank

OTTAWA - The squeeze of the oil slump is prompting one of Canada's biggest banks to slash its 2015 forecast for the country's economy and warn that another interest-rate cut could be on the way.TD Ban...

Should We Stop Worrying About Higher Interest Rates?

Since peaking in July 2007, prior to the 2008 credit crisis, interest rates have fallen and have remained at their lowest level in two generations. Experts predict that this could be the year that interest rates finally start to increase. The question is, should we really care?
Canadian consumers have been enjoying historically low mortgage rates since about 2009, when the financial crisis forced central banks around the world, including the Bank of Canada, to turn on the easy money spigots. The result has been a serious real estate boom, record home ownership rates and a buzzing construction industry. But policymakers warn interest rates can't stay low forever; consumers have amassed record levels of debt; and experts are warning house prices have become detached from fundamentals. Will these record low rates last, and will a housing bust follow when they end?