Variable Rates and Refinances Today

Hello Everyone,

As prime stays low at 2.25% and doesn't appear to be going anywhere in the near future and fixed rates begin to rise, we see lenders dropping their variable rate products. What this means is that refinancing may make more sense than ever: The penalty to break an existing mortgage lowers as fixed rates rise, and you can take advantage of the even lower rates of present day variable rate products for greater savings. If this is something you've been considering, let us see if the numbers work for you. First you need to get an accurate cost of breaking your mortgage from your mortage holder. Then we can run some amortization scenarios and see if there are any substantial savings for what would be the remainder of the term. It's worth checking every now and then.

Below is an article written by our company's National Communications Manager, Steven Moyes, about Mortgage Intelligence in the media and the media's (not surprising) reliance on Mortgage Intelligence as a preferred source of mortgage expertise. Have a great weekend!


"More Than 100 Media Placements
for MI This Year

Hi everyone,

As of this week, Mortgage Intelligence has been mentioned more than 100 times so far this year in the Canadian news media.

We have secured placements in over 70 different outlets including national newspapers such as the Globe & Mail and the National Post, as well as major regional publications including the Toronto Star, the Calgary Herald, and the Chronicle Herald in Halifax. MI spokespeople have also appeared on the National, CBC Newsworld and BNN Business News Network.

MI is now increasingly sought after by the news media as a source of commentary on mortgage issues affecting Canadians. These interviews help raise the profile of MI and its brokers, and brand us as a preferred source of mortgage expertise.

Best Regards,

Steve

Steven J. Moyes
National Communications Manager
Mortgage Intelligence"