At today’s average HELOC rate of 8.88%, which assumes an 80% LTV, borrowing $100,000 on a 10-year repayment term equates to a ...

The coronavirus has wreaked havoc on the economy, and in an emergency response, the Federal Reserve slashed interest rates by ...

What’s wrong with this picture,” prospective homebuyers may be asking. The Federal Reserve cut interest rates by .50% but ...

Fixed-rate HELOCs are a good option for many homeowners — but consider the current rate environment beforehand.

The move was expected. China's central bank governor indicated last week that the loan prime rates would be lowered.

The one-year loan prime rate (LPR) was cut from 3.35% to 3.1%, while the five-year LPR was lowered from 3.85% to 3.6%, the ...

BMO’s prime rate is the basis for its variable-rate lending products, like mortgages, credit cards and lines of credit. When the Bank of Canada adjusts its overnight rate, BMO’s prime rate ...

But as rates go up, your mortgage payment rises as well. Your lender will typically quote the variable rate as prime plus a number, such as RBC prime + 0%. Assuming a $300,000 mortgage with a 25 ...

The headquarters of the People's Bank of China in Beijing Photo: IC. China cut its benchmark lending rates by 25 basis points ...

The looming threat of Canada's mortgage renewal crunch Dylan Smith, senior economist at Rosenberg Research, talks with ...

The cut in the key reference rate for mortgage loans may have been expected, but it shows monetary policy is squarely aimed ...

The Bank of Canada will release its interest rate decision and monetary policy report on Wednesday. Here are five things to look for in the decision and updated economic forecasts from the central ...