tag:blogger.com,1999:blog-72374784630081872412011-08-02T17:02:49.737-07:00CENTUM Pacific Mortgages Inc.Mortgage Brokerage in Yaletown, Vancouver, BC, CANADADoug Atkinsonhttp://www.blogger.com/profile/17809473409214418107noreply@blogger.comBlogger61100tag:blogger.com,1999:blog-7237478463008187241.post-50108549201676372272009-06-10T13:39:00.000-07:002009-06-10T13:46:25.551-07:00Rate are on the riseMany of the Lenders have raised rates today to catch up with all the activity in the Bond Markets. We have seen a jump of almost 50bps (0.50%) in one day. Some of the Lenders are still hovering around the 3.99% range, but the majority of them are at 4.09% and upwards to 4.49%There is so much activity, that Lenders are struggling to keep up with the demand of new mortgage applications. They are Doug Atkinsonhttp://www.blogger.com/profile/17809473409214418107noreply@blogger.com0tag:blogger.com,1999:blog-7237478463008187241.post-58497595677675136712008-12-16T12:04:00.000-08:002008-12-16T12:15:25.040-08:00Rates could be changing againIt looks like some of the Lenders have increased their VARIABLE Products to Prime + .80% from their previous Prime + .60% earlier this week. Variable products were KING at the beginning of the year. It was well worth getting into a VARIABLE than a CLOSED FIXED Mortgage. Lenders have done studies that show being in a VARIABLE product over a 10-year period is far better than a closed fixed product.Doug Atkinsonhttp://www.blogger.com/profile/17809473409214418107noreply@blogger.com0tag:blogger.com,1999:blog-7237478463008187241.post-11464008377864570062008-12-15T13:49:00.000-08:002008-12-15T14:03:18.621-08:00Welcome Jeff Trounsell to Centum Pacific MortgagesWe would like to welcome Jeff Trounsell, formerly of CIBC Mortgages Toronto to our Team here at Centum Pacific Mortgages, here in Vancouver. Jeff has over 10 years experience in Finance. You can Contact Jeff Directly at 778-960-1123 Centum Pacific Mortgages, 1385 Homer Street, Vancouver, BC, CANADA 604-603-0999 or jeff_trounsell@centum.caDoug Atkinsonhttp://www.blogger.com/profile/17809473409214418107noreply@blogger.com0tag:blogger.com,1999:blog-7237478463008187241.post-46522593017554405352008-12-15T12:23:00.000-08:002008-12-15T12:28:01.326-08:00Bank Rate drops .50%The Canada Prime Rate drops .75%, however the Lenders have only dropped .50%. We are still looking at Variable products at .60 to 1.00% about Bank Prime. On Friday, Dec 12, we noticed many of the Lenders dropping their Closed fixed rates to under 5%. Some as low as 4.95% for a 5 year term. Plus, the Lenders are looking at dropping even further if you can complete a sale within 30 days, offering Doug Atkinsonhttp://www.blogger.com/profile/17809473409214418107noreply@blogger.com0tag:blogger.com,1999:blog-7237478463008187241.post-37027804926450593212008-12-01T11:47:00.000-08:002008-12-01T11:57:12.592-08:00Rates are droppingFriday, November 28, 2008, we strated to see the banks dropping their rates. We now rates as low as 5.10% for a five year term. Plus the Variable product may start to look desirable again as the rates drop on that side. The Lenders have dropped the Prime + 1% to Prime + .60%. Personally I am thinking will be back to some good variable products in the new year. In the meantime if you want to try aDoug Atkinsonhttp://www.blogger.com/profile/17809473409214418107noreply@blogger.com0tag:blogger.com,1999:blog-7237478463008187241.post-1988693468711368362008-11-12T15:40:00.000-08:002008-11-12T15:44:08.769-08:00A new addition to Centum Pacific MortgagesWe have updated the new website and added some new Brokers to our shop. We welcome Maury Lum to our Company. Maury has 3 years of experience in the mortgage industry and is a fine fit into our Yaletown home here at Centum Pacific Mortgages. You can contact Maury directly at 604-603-2520 cell. Or email him at Maury-lum@centum.caDoug Atkinsonhttp://www.blogger.com/profile/17809473409214418107noreply@blogger.com0