Wednesday, July 20, 2011

Financial Update - Are rates on the rise?


Bank of Canada hints that rate hikes are coming sooner rather than later the bank’s decision to drop the word “eventually” in reference to the timing of its next rate hike suggests it will move before the end of the year.
·        TSX +78.78 to 13,332.92 (CPRising oil and copper prices helped push the TSX higher while some strong U.S. earnings reports helped briefly divert investor attention from government debt worries
·        DOW +202.26 to 12,587.42
·        Dollar +.88c to 105.17c USD   The Canadian dollar powered to its highest level against the U.S. dollar in 2-1/2 months after the Bank of Canada held its key interest rate steady, but hinted more firmly than before that it would resume increasing rates.
·        Oil -$1.57 to $97.50USD per barrel    amid a survey by Platts, the energy information arm of McGraw-Hill Cos., that crude inventories likely fell by 1.3 million barrels last week while gasoline supplies probably dropped 450,000 barrels.
·        Gold -$1.30 to $1601.10USD per ounce
Canadian 5 yr bond yields markets +.07bps to 2.19.  The spread (based on the MERIX 5 yr rate published rate of 3.84%) is at the top of the comfort zone at 1.65. The spread based on the quick close of 3.64% is mid comfort zone at 1.42 

Contact Amy Wilson 780-919-0475 amy@brokersforlife.ca
Verico Brokers For Life

Friday, July 8, 2011

Rate Sheet July 8th


Featured Rates: VERICO BROKERS FOR LIFE
Contact Amy Wilson - 780-919-0475 or                                                          amy@brokersforlife.ca

Quick Close Rates: Refinance Rates
3 year fixed (30 day Q.C.)                       3.55%
5 year fixed (30 day Q.C.)                       3.64%
5 year adjustable                                2.20%

Cash Back 5yr                                      5.39%
Cash Back 3 yr                                     4.74%

Draw or Completion
Mortgage Rates – 180 day hold:         3.79%



Note:
Prime Rate: 3.00%      Benchmark Rate: 5.39%

Rates are subject to purchaser and property qualification can change without notice,              O.A.C., E. & O.E. Dated 07/07/2011

Testimonial

Good Morning Amy Wilson!

Everything went amazing. Again all I can do is thank you. You and my lawyer made everything go sooo smooth. I am so great full. And I will definitely recommend you to everyone I know.

Thanks again for everything

Niki Taylor

Please contact Amy Wilson for all your mortgage needs so you can be as satisfied as Nicole has expressed in her Testimonial above.
Amy Wilson, Verico Brokers For Life  780-919-0475 or amy@brokersforlife.ca