Mortgage Edge Dan (Tasos) Efstatheu Woodstock / Residential and Commercial
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We work with over 30 federally and provincially regulated financial institutions in Canada, including major banks, credit unions, monoline lenders, and vacant-land lenders. ​

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News

​Nov 20/22 Could the worst be over? National home price index pulls back from record declines
Teranet-National Bank composite Index down 0.8 per cent in October ... Read More ›

The very Canadian problem at the heart of our supply chain woes
​
Two railways rule the country. Is it time for more competition? ... Read More ›

David Rosenberg: Canada's housing bubble has burst — now brace yourself for the economic hit
The upcoming recession could be deeper than what Bay Street folks are expecting ... Read More ›

Manufacturing labour shortage costing Canadian economy almost $13 billion
Canadian Manufacturers and Exporters says more than 80% of manufacturers faced staff shortages past two years... Read More

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As bond yields fall, mortgage providers are cutting fixed mortgage rates
Predicting rate moves lately has been a fool’s game
The move follows the recent decline in the 5-year Government of Canada bond yield, which typically leads fixed mortgage rates. “I think the economy will struggle from December to June 2023 and rates will trickle down,” he said. Responding specifically to the latest drop in bond yields, Butler mentioned that 5-year fixed rates could ultimately drop 25 to 30 bps.

A Stand-Off Between the Bank of Canada and the Government of Canada
​To start off, a bit of good news for once: the average 5-year fixed rate mortgage has fallen over the last two months. Some qualified borrowers are now able to secure a rate as low as 4.89%. But of course, it is good news, so you probably didn’t see it reported in the mainstream media.
 
Here’s what you likely did see: the overnight rate went up by yet another 0.50% on December 7 to 4.25%. Another staggering increase at a time when most experts predicted rates would start levelling out. Not only is this rate hike significant – it’s actually record-breaking. A whopping 4.00% increase in just 9 months took us from some of the lowest rates of this century to the highest.


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 Tasos (Dan) Efstatheu 
License # MO8006633 | Mortgage Edge License #10680 
​Email: dan@mortgageedge.ca
Email: info@firstratemortgages.ca
​​MAIN: (519) 533-7448
Office: (519) 290-2130
​110 Chippewa Cres
Woodstock, ON N4T 1A1
 
  • Home
  • About Dan
  • About Mortgage Edge
  • Testimonials
  • Apply Now Online
  • Mortgage Services & News
  • Purchase & Purchase Plus Improvements Program
  • Mortgage Financing for Investment Property Or A Second Home
  • First Time Home Buyer Programs
  • Mortgage Refinance
  • Mortgage Renewal
  • Mortgage For Self Employed
  • Brochure / Dan Efstatheu
  • Mortgage Pre-Approval
  • Alternative Financing/Bruised Credit
  • Cash-Back Mortgages
  • Downpayment
  • New to Canada Mortgage Programs
  • Home Equity Line of Credit
  • Bridge Funds
  • What are Debt Service Ratios
  • Apply Now Online
  • Mortgage Switch/Transfer
  • Link For Home Buyers
  • Commercial Mortgage Services