Milad Massoudi – Scotiabank Mortgage Specialist

Other Languages Spoken:

Farsi

Specialties:

As your Mortgage Development Manager my job is to ensure that I am providing the best advice and solutions for all your property financing needs. My experience in the banking industry allows me to assess what best suits my clients needs and allows me to work with them to achieve their goals and dreams.

Experience :

I have been in the mortgage financing business for 3 years and in the banking industry for 6 years.

Canadian Mortgage Advisor | Surprise The Bank Is Not Moving

Surprise! The Bank Isn’t “Moving”

The Bank of Canada left its overnight lending rate unchanged which many had anticipated. It is unlikely that the Bank of Canada will increase the rate until the end of the year, or even next spring, with too much uncertainty in the air.

Japan is going to see severe impacts to its economic output this year, and as a result that will have a ripple affect due to supply chains that rely on Japanese parts.

Europe isn’t without its challenges along with the USA, who will likely see another 3 million homes hit the foreclosure market in the next 18 months. The US Fed won’t be moving their rates anytime soon, which leads me to believe the Bank of Canada’s hands are tied. We can’t afford to have our Loonie increase in value compared to the US dollar, which is what an increase in the Bank Rate would facilitate. A higher exchange rate makes it harder for us to sell our exports south of the border…

Interestingly, the Bank predicts core inflation to track under it’s target of 2%, which is another reason why the Bank Rate can stay put for a while. Total inflation has some people scared, hence the rise in Bond Yields (and fixed mortgage rates as a result) but I would let that scare me out of my variable rate mortgage. Every time we get good news the bond yields jump, and every time we get negative news they drop. Expect this trend to continue and as a result fixed rates will track close to 4.1% for the next 6 months.

Please feel free to contact us if you are thinking of buying property or refinancing your mortgage. We’ve got the experience and knowledge that can help save you thousands.

Warm regards,

Chris

–

Christopher Bisson

The Mortgage Centre

Toll-free: 866-838-4366 x1003

www.mortgageconcierge.ca

via Canadian Mortgage Advisor: Surprise! The Bank Isn’t “Moving”.

Mortgage Rates

by Andrew Somerville Leave a Comment

From Chris Bisson (The Mortgage Centre)

Give your clients access to preferred rates.
As your Mortgage Specialist, I have access to virtually every major lender in Canada. But as you can see, I’ve reserved my best rates for your clients. What’s more, once I’ve analyzed your clients’ needs and utilized my seasoned negotiating skills on their behalf, it’s entirely possible their rates may be even more attractive than what’s listed. Please contact me today.

Rates as of Wednesday, July 7, 2010

1 Yr Fixed	3 Yr Fixed	5 Yr Fixed	10 Yr Fixed	5 Yr Variable	Bank Prime
2.50%	3.60%	3.99%	5.15%	1.95%	2.50%

Please talk to me to see if these rates are still current and applicable to your specific situation. Although we strive for accuracy, timeliness and completeness, information quoted is not guaranteed and may change at any time.

Another great reason to refer to me
I keep you in the loop. You can’t afford to refer a valued client, then simply sit back and hope everything works out. When you introduce your clients to me, they remain your clients, and you remain in control. I’ll ensure you get the level of updates you’re most comfortable with throughout the process, so you can be absolutely confident the deal is moving forward to a timely close!

Fixed mortgage rates will likely fall in the coming week, primarily due to a drop in Bond yields. This decrease comes as a result of weak GDP numbers for April. Our growth rate for that month was 0.00% – which resulted in a stagnant economy. The same is still true of the U.S.A. where the economy continues to lag, despite a strong positive outlook for certain economic sectors.This will once again pave the way for the Bank of Canada to leave its overnight lending rate at its current level, which is good news for those looking at fixed rates, but GREAT news for variable rate mortgage holders. It’s also highly likely that variable mortgage rates will remain near the current levels through the rest of 2010.

So if you can qualify for a variable rate mortgage I would strongly consider it, and if you are already in one you should hold the course for a while yet!

www.guelphmortgagecentre.com