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My Rates

6 Months 3.10%
1 Year 3.04%
2 Years 3.19%
3 Years 3.44%
4 Years 3.64%
5 Years 3.39%
7 Years 4.04%
10 Years 4.19%
6 Months Open 7.25%
1 Year Open 4.50%
*Rates subject to change and OAC
AGENT LICENSE ID
M18001198
BROKERAGE LICENSE ID
11707
Shannon Heard Mortgage Agent

Shannon Heard

Mortgage Agent


Address:
1370 Killarney Beach Road, Box 190, Lefroy, Ontario

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BLOG / NEWS Updates

Genworth’s Home Ownership magazine

Check out Genworths Home Ownership magazine. This issue featuring: Financing Savings advice for families with children; House Hunting What to look for in a family -friendly condo; The Buying Process Is multi-generational homebuying right for you? https://genworthassetlibrary.s3.amazonaws.com/digest/fall-winter-2018/en/index.html?page=10

Bank of Canada raises overnight rate target to 1 ½ per cent

The Bank of Canada today increased its target for the overnight rate to 1 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1 per cent. The Bank expects the global economy to grow by about 3 per cent in 2018 and 3 per cent in 2019, in line with the April Monetary Policy Report (MPR). The US economy is proving stronger than expected, reinforcing market expectations of higher policy rates and pushing up the US dollar. This is contributing to financial stresses in some emerging market economies. Meanwhile, oil prices have risen. Yet, the Canadian dollar is lower, reflecting broad-based US dollar strength and concerns about trade actions. The possibility of more trade protectionism is the most important threat to global prospects. Canadas economy continues to operate close to its capacity and the composition of growth is shifting. Temporary factors are causing volatility in quarterly growth rates: the Bank projects a pick-up to 2.8 per cent in the second quarter and a moderation to 1.5 per cent in the third. Household spending is being dampened by higher interest rates and tighter mortgage lending guidelines. Recent data suggest housing markets are beginning to stabilize following a weak start to 2018. Meanwhile, exports are being buoyed by strong global demand and higher commodity prices. Business investment is growing in response to solid demand growth and capacity pressures, although trade tensions are weighing on investment in some sectors. Overall, the Bank still expects average growth of close to 2 per cent over 2018-2020.

MY LENDERS

TD Bank Scotia Bank Attain Mortgage First National MCAP Home Trust
Merix Equitable Bank Street Capital CMLS Fisgard Capital ICICI Bank
Optimum  RMG Mortgages Bridgewater Marathon Mortgages