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Welcome to Best Mortgages Latest Mortgage News Blog When it comes time to make a decision about your Vancouver mortgage you often need to find out a little bit more about what is happening with interest rates, mortgage options and how the current economy might impact on your mortgage.
One this page you will find the ten most recent posts to our mortgage blog. Each post will take you to the blog and you can explore other posts that incude comments on the Vancouver real estate market as well.
- The MPRO Mortgage Architects Team |
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| Daily financial update March 10, 2010 |
Wed, 10 Mar 2010 17:45:45 +0000
North American markets are broadly stronger this morning, mainly due to news overnight from China that February’s year-over-year exports soared by the most in three years, far outpacing what economists had forecast.. Reassuring comments from a former European Commission President are also soothing concerns over Greece’s debt problems, measured by debt default swaps which are [...] |
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| Daily financial update March 9, 2010 |
Tue, 09 Mar 2010 18:09:32 +0000
Today marks the one-year anniversary of the indexes recent bear-market lows. Traditionally known as the “paper” anniversary, this one is true to form with the US adjusted monetary base (aka. the sum of currency in circulation) having grown a staggering $600 billion over the last year. That said, markets are hardly celebrating this morning with [...] |
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| Daily financial update March 8, 2010 |
Mon, 08 Mar 2010 18:07:31 +0000
The TSX index opened in positive territory this morning, building on last week’s broad based gains which pushed it to its highest close in over a year and a half. Shares of heavyweight Research in Motion are leading the index higher after being upgraded by an analyst. The energy sector is also strong as crude [...] |
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| Daily financial update March 4, 2010 |
Thu, 04 Mar 2010 17:58:51 +0000
Markets are relatively quiet this morning without any major data to push things in either direction. Jobless claims in the US fell by 29,000 last week, in line with expectations, while productivity in the US in the fourth quarter surged at a 6.9% annual rate as companies continued to cut payrolls as demand stabilized. With [...] |
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| Daily financial update March 3, 2010 |
Wed, 03 Mar 2010 17:28:38 +0000
North American indexes are rising this morning as the expected announcement from Greece and positive US economic data buoy optimism that growth in the global economy will continue to gain traction. Greece announced an additional 4.8 billion euro in spending cuts and tax increases as the country tries to reign in its deficit and garner [...] |
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| Daily Financial Update March 1, 2010 |
Mon, 01 Mar 2010 17:02:52 +0000
The TSX is climbing again this morning after finishing February with the strongest performance of the twenty largest indexes by market-cap in the world. Strong economic data is fuelling matters this morning, as the US ISM-manufacturing index expanded for the seventh consecutive month and personal spending climbed for the fourth month in a row. The [...] |
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| Daily financial update February 23, 2010 |
Tue, 23 Feb 2010 16:45:37 +0000
North American markets declined shortly after the open this morning as an index of US consumer confidence unexpectedly weakened, suggesting spending will likely constrained. An index of US home prices advanced for the seventh consecutive month in December, and showed the smallest year-over-year decline since May 2007. The market is awaiting Ben Bernanke’s appearance before [...] |
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| Daily financial update February 19, 2010 |
Fri, 19 Feb 2010 17:53:37 +0000
After markets closed last night, the Federal Reserve acted on last week’s promise to raise the discount rate “before long”. The discount rate is the rate the Fed charges banks for emergency borrowing, and raising it from 0.50% to 0.75% is their first measure in reducing banks’ dependence on their lending facilities now that the [...] |
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| Daily financial update February 18, 2010 |
Thu, 18 Feb 2010 17:22:06 +0000
The TSX is climbing this morning for the seventh consecutive day as economic data continues to strengthen and profits recover. Leading indicators in the US climbed for the 10th month in a row, suggesting the economy will continue to expand at least into the second half of this year. The Philadelphia area manufacturing index exceeded [...] |
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| Daily financial update February 16, 2010 |
Tue, 16 Feb 2010 17:01:01 +0000
North American markets are kicking off the holiday shortened week with a bang as decent economic data soothes some of the concerns of recent weeks. The Fed’s New York economic index rose higher than anticipated as manufacturing accelerated at the fastest pace in four months. Barclays Plc, the UK’s second-largest bank, rallied 10% overnight after [...] |
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