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My Rates

6 Months 3.04%
1 Year 4.69%
2 Years 4.79%
3 Years 4.89%
4 Years 4.89%
5 Years 5.04%
7 Years 5.64%
10 Years 5.69%
6 Months Open 5.75%
1 Year Open 3.45%
*Rates subject to change and OAC
AGENT LICENSE ID
LIC# M15001237
BROKERAGE LICENSE ID
12964
Jacqueline Haynes Mortgage Agent

Jacqueline Haynes

Mortgage Agent


Phone:
Address:
12A Hall St, Gore Bay, Ontario

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Purchasing a new home can be exciting, but overwhelming.  As an experienced mortgage professional, I have been instrumental in supporting families and investors throughout Ontario by helping them obtain financing and collaborating with real estate agents, lawyers, and home appraisers to ensure the details are all taken care of on closing day.  I can be contacted at any time of day to answer questions about local professionals and tradespeople or to help give you peace of mind.

If you are looking to purchase a new home, move or refinance your existing mortgage, I can help by assessing your current situation and understanding your future plans.  I have access to over 25  different lenders that offer solutions to help you meet your goals, and can offer you personal loans, vehicle loans, leases, and home and auto insurance!

Why not take a minute now to complete my complimentary online mortgage application to see how much you can qualify for. 

For a list of trusted local professionals and tradespeople, click on the “Browse Partners” icon.

Thank you for contacting me and I look forward to assisting you.

 

 Ask me for today's unpublished mortgage rate specials!

 


BLOG / NEWS Updates

Higher interest rates and household debt: Cause for recession?

From National Bank of Canada There is a great deal of concern regarding the vulnerability of Canadian households not only to inflation shock but also to sharp interest rate hikes. For heavily indebted households, the bill could prove hefty. Those that contracted mortgages 4.Sx their gross income could see their monthly payments increase by $187 to $281 from 2022 to 2024 and absorb as much as 2.6% to 4.0% of their net income. At the macroeconomic level, however, the story is far different given the high proportion of properties without mortgages. By our calculations, the payment shock related to servicing the accumulated debt will represent 0.65% of disposable income over the next three years. The amount is significant but manageable in that it alone will not suffice to pull the economy into a recession. https://www.nbc.ca/content/dam/bnc/en/rates-and-analysis/economic-analysis/special-report_220728.pdf

Prices continue to lose momentum in June

With the decrease in resale market transactions and the increase in interest rates, property price growth moderated for a third consecutive month, but still remained solid in June at 1.0% after adjusting for seasonal effects. Using the seasonally adjusted unsmoothed index, which is more sensitive to market fluctuations, the moderation is even more pronounced, with property prices essentially flat in May and June. While the Bank of Canada has indicated that it will continue to raise its policy rate and that transactions in the real estate market should continue to decline, we anticipate that the composite index should decrease by 10% by the end of 2023. The price declines have already begun to spread across the country. In fact, for all 32 markets where the seasonally adjusted unsmoothed index was available in June, 58% experienced a decline during the month, compared to 34% in May and only 16% in January. We have to go back to May 2020, at the very beginning of the pandemic when uncertainty was at its peak, to find such a large proportion of markets in decline. https://www.nbc.ca/content/dam/bnc/en/rates-and-analysis/economic-analysis/economic-news-teranet.pdf

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