These are today's mortgage and refinance rates. Mortgage rates have remained elevated in spite of recent Fed cuts. But they ...

There is some relief for home buyers: default mortgage insurance will see the insurable limit rise to $1.5 million and ...

The Bank of Canada's Carolyn Rogers says improving housing affordability ultimately requires reaching a balance between ...

OTTAWA--The Bank of Canada's No. 2 official said Wednesday that tinkering with mortgage-financing rules to address historically-stretched housing affordability carries risks.

Rogers used the average mortgage size in Canada and current interest rates to show that extending an amortization by five ...

The National Home Mortgage Finance Corporation (NHMFC) has taken a significant step in enhancing its services by expanding its online payment options. In an official partnership with MYEG Philippines, ...

The Rule of 78 can be used by lenders to calculate interest that could significantly impact how much you end up paying over the life of a loan. Unlike the standard amortization method, the Rule of 78 ...

Lenders multiply your outstanding balance by your annual interest rate and divide by 12, to determine how much interest you ...

Adding just an extra $100 per month to a mortgage payment can have a significant impact on the debt, a financial expert said ...

Mortgage rates have come down from around 6 per cent to the mid 4 per cent zone – how much more do we need to get buyers to step up? Rates of 3.9 per cent or better would do the job, a recent note ...

In a bid to provide relief to affected housing loan borrowers, the National Home Mortgage Finance Corp. has announced the implementation of a one-month moratorium on the monthly amortization payments ...

according to the loan’s amortization schedule. If interest rates in general fall, then homeowners with fixed-rate mortgages can refinance, paying off their old loan with one at a new ...