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Mark Ting's advice on breaking your mortgage to get a lower rate

Mortgage rates in Canada are down and could fall further following the Bank of Canada's 0.25 per cent cut in the overnight lender rate. On the Coast's financial columnist, Mark Ting offers this advice. Fixed mortgages are much more complicated and the penalties can run into the tens of thousands as they are based on a formula called the interest rate differential (IRD).

Don't wait! Rates are falling, time to refinance

Now's the time to refinance. More than 7.4 million homeowners stand to benefit from slipping mortgage rates.

Consumer bureau's mortgage rate checker doesn't disclose full costs

WASHINGTON — When the federal government's consumer protection agency for financial matters tells you how to shop for a good deal on a home mortgage, you should follow the advice, right?

Mortgage Applications in U.S. Climb for Third Straight Week

Mortgage applications in the U.S. climbed for a third consecutive week as lower borrowing costs propelled gains in refinancing.