What’s News?

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  Stock markets reacted badly last week to the announcement that the US Federal Reserve were trying “operation twist” where they will buy long dated bonds and sell short dated bonds to try and reduce longer term interest rates even more. Investors don’t seem to think that small reductions in interest rates will have much […]

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Mortgage Updates

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Fall is starting off stronger than expected! According to Davis & Henderson’s August mortgage broker submission report, August mortgage volumes were higher than forecast due to record low rates which helped boost overall activity. Purchasing activity in August increased by 8% year over year in the GVRD  but remained lower than historical norms. Buying activity […]

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Positive news on the home front!

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  Good Afternoon, The long weekend is over and the fall market is upon us. We are continuing to see a good level of activity as low rates continue to improve affordability. The recent drop in 5 year fixed term from 3.69% to 3.39 % , has improved mortgage qualification. Let’s take a closer look: […]

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