Alexandru Matei Mortgage Broker Ontario

  The Bank of Canada  on July 12 increased its target for the overnight rate to 5% , with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.  Global inflation is easing, with lower energy prices and a decline in goods price inflation. However, robust demand and tight labour markets are causing persistent inflationary pressures in services. Economic growth has been stronger than expected, especially in the United States, where consumer and business spending has been surprisingly resilient. After a surge in early 2023, China’s economic growth is softening, with slowing exports and ongoing weakness in its property sector. Growth in the euro area is effectively stalled: while the service sector continues to grow, manufacturing is contracting. Global financial conditions have tightened, with bond yields up in North America and Europe as major central banks signal further interest rate increases may be needed to...

    Fixed Rate and Variable Rates: Pros and Cons...

    “Life is full of opportunities, but if you don’t take action it doesn’t matter…” About 10 years ago I have made the decision to spend more time with my Family. As some or many of you know working as an Executive may require 12-16 hours a day every day, sometime more, and the time spend with your kids it is less and less or almost none. When making the decision to leave the Hospitality Industry as an Executive for Hilton and Marriott Properties to become Self Employed and Be one of the Best Mortgage Brokers, beside my wife and my family almost No one agreed it will be better for Us. And I did it! I Thank God every day and Many of My Clients who put their Trust in Me; I’d like to Thank them for giving me the Opportunity to meet, assist, and guide them obtaining the Best Mortgage Package according with their needs. I strongly believe that if we set something in our minds and work towards it, Anyone can make it. It has been very hard but as you all know what is easy? Beli...

  The Bank of Canada today increased its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is also continuing its policy of quantitative tightening. Globally, consumer price inflation is coming down, largely reflecting lower energy prices compared to a year ago, but underlying inflation remains stubbornly high. While economic growth around the world is softening in the face of higher interest rates, major central banks are signalling that interest rates may have to rise further to restore price stability. In the United States, the economy is slowing, although consumer spending remains surprisingly resilient and the labour market is still tight. Economic growth has essentially stalled in Europe but upward pressure on core prices is persisting. Growth in China is expected to slow after surging in the first quarter. Financial conditions have tightened back to those seen before the bank failures in the United States and Switzerland. C...

  Summary (updated April 2023) The prime rate in Canada as of April 12, 2023 is 6.7%. (last change: +0.25% on January 26, 2023) On Wednesday, April 12th, 2023, The Bank of Canada announced that it will hold the key interest rate at  4.50%  and will be continuing their pause on rate hikes for the near future while they look closely at the economy to determine future policy. The continued pause on rate hikes was largely predicted by Canada’s economists. With news of the Silicon Valley Bank failure, bond yields (which influence fixed mortgage rates) dipped significantly. However, the market has now stabilized. Bank economists believe that there will be no more rate hikes for the rest of the year and to possibly expect rate cuts in 2024. 2023 Predictions (updated for Spring 2023) Expectations that rate hikes are done for the remainder of the year look all but certain at this point. We look forward to seeing if the projected rate cuts in late 2023 will materialize. We predict ...

     Welcome to " Mortgage by Alexandru ", where the journey to homeownership combines the thrill of finding your dream home with the unbeatable advantage of securing the best  RATES  available.            I understand that the search for the perfect mortgage can be both exhilarating and overwhelming, which is why I am here to guide you towards a truly exceptional experience. Imagine having a trusted partner by your side, equipped with the knowledge and expertise to unlock exclusive  RATES   that will make your dreams a reality.  At "Mortgage By Alexandru", I specialize in delivering personalized solutions tailored to your unique needs, and I take pride in my extensive network of lenders who offer the most competitive  RATES   in the market. Join me as I demystify the world of mortgages and empower you to discover the perfect home at  RATES  that will leave you astounded. Get ready to embark...