Mortgage Concierge – Guelph Real Estate Mortgages

Recent articles seem to make good arguments that real estate will either do well, or it will do poorly this year. It is important to remember, however, that real estate is directly affected by regional factors, which are often affected by national and international movements. The main driver to real estate prices is the level of people employed in an area.
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There was a time not that long ago when fixed mortgage rates would be priced about 1.20% higher than a Government of Canada Bond with the same term. For example, when the 5 year bond was at 2.5% you would be able to get a 5 year fixed-rate mortgage at 3.7%. Enter the Mortgage Meltdown: When the “mortgage crisis” hit in the USA the spread between the bond and the mortgage rates increased quite a bit. The consensus was that it would probably return to its traditional spread of about 1.50%.

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A recent NAR in the U.S. (National Association of Realtors) survey listed the 4 most important things consumers look for in their real estate agent. In no particular order, here are the 4 most important factors that consumers use when deciding on who to use to help them find a home or sell a home:
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