“US mortgage news, interest rate updates, housing market trends, and expert homebuying advice for American borrowers.”
Vancouver Home Sales Rise Nearly 3% in August, Signaling Slow Recovery: Real Estate Board Reports Vancouver’s housing market showed tentative signs of improvement in August, with home sales increasing almost 3% year-over-year, according to the Greater Vancouver Realtors (GVR). While the uptick indicates buyers are returning to pricier segments, the overall market remains below historical … Read more
Ok, let’s start… I wish someone had shown me how to keep my sanity through bankruptcy when I went through it because it was really hard for me. When life comes hard on you and all your bills and debts become so overwhelming and overwhelming, here are some things you can do to preserve your … Read more
Newly released internal government documents paint a stark picture of Canada’s housing crisis. Prepared for the incoming Housing Minister in May 2025, these briefing notes expose deep-seated problems that go beyond public statements. They highlight how high costs are crippling the economy and leaving many Canadians without affordable options. As the federal government prepares to … Read more
Overview of Great Southern Bank’s 40-Year Mortgage Launch On September 9, 2025, Great Southern Bank (GSB), one of Australia’s largest customer-owned banks, announced the introduction of variable-rate home loans with terms of up to 40 years, specifically targeting first home buyers (FHBs). This move aims to address the ongoing housing affordability crisis by reducing monthly … Read more
In July 2025, Canadian Imperial Bank of Commerce (CIBC) surpassed Bank of Nova Scotia (Scotiabank) in market capitalization, becoming Canada’s fourth-most valuable bank, a position it hadn’t held since the early 2000s. CIBC’s shares surged 47% over the past year, reaching a market value of C$94.6 billion ($68.9 billion) as of July 2025, narrowly edging … Read more
Many of us are facing many challenges while going through life and our highly developed environment. In my case, like millions of workers around the world, finally reached the stage of middle age and constantly faced a very complicated social and economic environment. After a life long career in the lending industry I realized that … Read more
Scotiabank Surpasses Earnings Expectations: Strong Canadian Business and Revenue Growth Drive Q3 Results By Financial DeskToronto, August 27, 2025 – Scotiabank (TSX: BNS, NYSE: BNS) reported third-quarter fiscal 2025 earnings that exceeded analyst forecasts, fueled by robust performance in its Canadian banking operations and solid revenue expansion. The Canadian multinational bank announced adjusted earnings per … Read more
Canada Faces 3.2 Million Home Shortage: PBO Report Signals Challenges for Mortgage Market OTTAWA, August 26, 2025 – A recent report from the Parliamentary Budget Officer (PBO) has highlighted a daunting challenge for Canada’s housing and mortgage markets, estimating that the country needs to build 3.2 million new homes over the next decade to close … Read more
CIBC Appoints Christian Exshaw to Lead Capital Markets as Harry Culham Prepares for CEO Role Toronto, August 12, 2025 – Canadian Imperial Bank of Commerce (CIBC) has named Christian Exshaw as Senior Executive Vice-President and Group Head of Capital Markets, effective November 1, 2025, as part of a broader leadership transition. The announcement follows the … Read more
Washington, DC – Mortgage rates have surged to new 2025 lows following the release of a disappointing August jobs report, which showed the U.S. economy added only 22,000 nonfarm payroll jobs, significantly below the Dow Jones estimate of 100,000. The report, released by the Bureau of Labor Statistics on September 5, 2025, has intensified expectations … Read more