What has happened to the Variable Rate Mortgage?

What has happened to the Variable Rate Mortgage? It is dying a slow death!   A couple of weeks ago I was able to get a client prime less 0.85%, today that is not the case!  Tonight one of the last lenders is moving up to prime less 0.15%, which is considered a good...

Trying to Make Sense of Rate Increases!

Many lenders have raised their interest rates on 5 year and longer fixed rate mortgages. Why is this happening? Banks lend more money than they take in through deposits.  In order to meet the demand for customer loans, they borrow money in financial markets. To ensure...