The Real Estate and Mortgage Show - January 4
Once again, Chris Hoare joins Steve and Frank for the Real Estate and Mortgage Show.
Snow? What snow? In case you missed it, the spring real estate market is alive and well in Ottawa with sellers rushing to put their houses up for sale. If your New Year's Resolution is to sell your home, Chris Hoare of the Paul Rushforth team gives some helpful hints for sellers on this week's show.
Frank takes some time this week to talk mortgage rates, and shares an interesting fact; fixed mortgage rates have changed 25 times in the 3 years the prime rate stayed the same. It has been reported that bond markets hit a slight uptick last week, which could prompt lenders to raise their fixed rates, but most economists are predicting that the prime lending rate (used to calculate variable rates) will stay the same for the next 2-3 years.