Latest Canadian Mortgage News compiled by Calum Ross Mortgage Team

This Week's Mortgage Market Update Contains:

• Pricey real estate points to faster rise in Canadian rates
• Mortgage refinancing penalties prompt backlash
• Fed holds course on rates

This Week's Quotation:

“To accomplish great things, we must dream as well as act.” -  Anatole France (1844 - 1924)

This Week's Highlights:

• What’s next?
• Caution!
• Data bumps up and...
• ...down

This Week's Mortgage Market Update Contains:

• Slowdown of 2008 is hitting home now
• Don’t be an Unscorable
• Loonie at par by summer: economists

This Week's Quotation:

“I have never been especially impressed by the heroics of people who are convinced they are about to change the world. I am more awed by those who struggle to make one small difference after another.” -  Ellen Goodman (1941 - )

This Week's Highlights:

• What’s next?
• Caution!
• Data bumps up and...
• ...down

This Week's Mortgage Market Update Contains:

• New rules won't put lid on prices
• When it comes to mortgage details, most people just 'zone out'
• U.S. MBA Mortgage Applications Index Increased 15% Last Week

This Week's Quotation:

“What is important is to keep learning, to enjoy challenge, and to tolerate ambiguity. In the end there are no certain answers.” -  Martina Horner, President of Radcliffe College

This Week's Highlights:

• Canadian housing starts rise in January
• Inflation rate 1.3% in December
• 43,000 new jobs created in Canada during January

This Week's Mortgage Market Update Contains:

• Toronto leads tight national housing market, Re/Max says
• Home-buying plans may change
• U.S. Economy: New-Home Sales Unexpectedly Fall to Record Low

This Week's Quotation:

“A duty dodged is like a debt unpaid; it is only deferred, and we must come back and settle the account at last.” -  Joseph F. Newton

This Week's Highlights:

• Canadian housing starts rise in January
• Inflation rate 1.3% in December
• 43,000 new jobs created in Canada during January

This Week's Mortgage Market Update Contains:

• Lock in, or stay variable? The experts debate
• It's not the mortgages, it's the borrowers
• Building some slack into the system
• Flaherty moves to cool mortgages

This Week's Quotation:

“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” -  Colin Powell (1937 - )

This Week's Highlights:

• Canadian housing starts rise in January
• Inflation rate 1.3% in December
• 43,000 new jobs created in Canada during January

This week's mortgage market update contains:

• U.S. consumer confidence crumbles
• Decline in growth predicted for Canada
• Stocks advance on U.S. economic growth

This week's highlights:

• Canada's current account surplus widens unexpectedly
• U.S. growth beats market expectations

This week's Quote:

If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability. - Henry Ford