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News Story Wednesday, March 18, 2020

Covid-19 vs. the Kitchener Real Estate Market

Covid-19 has changed the world quickly and dramatically in a short time. The government has had to make some hard decisions to protect Canadians, which has caused massive closures, cancelled events, stock market drops, and people fighting in fear for food and items for their home. COVID-19 has affected everyone internationally, but will this eventually impact the housing market in the KW Region? Check out my latest blog on how the Covid-19 crisis could affect the real estate market in Kitchener and Waterloo. Click the link below. Have questions about real estate, call Mike Bolger today at 519-616-2656 to discuss your thoughts.
https://www.mikebolger.ca/article/98/the-kitchener-real-estate-market-during-the-covid-19-crisis.html

#coronavirus#covid19#realestatenews


News Story Monday, March 16, 2020

Why are some mortgage rates rising?

Why are some mortgage rates rising? Fears over the COVID-19 pandemic and falling oil prices have caused mortgage rates to fall to multi-year lows over the past couple of weeks. According to Canadian Mortgage Trends, some lenders are starting to raise rates. Fixed rates on certain terms have been creeping back up, while some of the big banks have been quietly cutting their discounts on the prime rate. A host of other lenders have also been slashing their discounts from prime by anywhere from 20 up to 75 basis points. For those in the market for a new mortgage, and who are leaning towards a variable rate, some experts recommend obtaining a rate hold. Do you have questions about mortgages? I am connected to some of the best Mortgage experts in the business. Call Mike Bolger at (519) 616-2656 for more details. I look forward to your call.

#coronavirus#covid19#mortgagerates





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