TD Canada trust has become the first big bank to hike its interest rates to 2.85%. A statement from the bank has suggested that they regularly review their rates and adjust them based on a number of factors, including the costs that TD pays to fund mortgages. They added that it was a difficult decision and they are making sure to directly contact customers whose loans and mortgages and being directly affected. This comes after the 'stress test' decision that took place a few weeks ago.
Canadian banks are still adjusting their mortgage rates, with the new rate now at 2.3% from 2.25. http://business.financialpost.com/personal-finance/mortgages-real-estate/big-banks-mortgage-rates-edge-higher-in-response-to-ottawas-efforts-to-cool-housing
It’s difficult to get exact answers to this important question. Every expert, credit bureau, and loan officer has a different opinion as to where threshold between good and poor credit lies. In addition, “good” can be a relative term.
You guys! I feel like I've done the impossible!! After YEARS I finally figured out how to get our student loan interest rates lowered - AND YOU CAN TOO! I have contacted our student loan companies many times, asking if there was any way to lower our rates, and I was always given the same ... Student Loans Payoff #StudentLoans #debt