Interest-sensitive borrowers move to variable rates

first_imgJohn Flavell, Mortgage Choice CEO, John Flavell, said a minor change saw borrowers shift back toward variable-rate home loans.The latest research by mortgage broker, Mortgage Choice, revealed borrowers have shifted back to variable-rate home loans.According to the company’s latest national home loan approval data, variable rate home loans accounted for 75.06 per cent of all mortgages written throughout June — up from 73.57 per cent the month prior.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours agoMortgage Choice CEO, John Flavell, said the move was prompted by lenders that tweaked down their variable principal-and-interest home loan rates.“While most lenders have only trimmed the interest charged on their variable principal-and-interest mortgages by five basis points or so, these rate adjustments have clearly been strong enough to encourage borrowers to opt for a variable rate mortgage rather than a fixed rate product,” Mr Flavell said.The numbers also showed fixed rate home loans were 24.94 per cent of all loans written in June — down from 26.43 per cent the month prior.“While down on the previous month, it is important to note that fixed-rate demand is still relatively high by long term standards,” Mr Falvell said.Looking ahead, Mr Flavell said it was “hard to judge” what would happen with fixed rate demand in the future.last_img read more

Jessica Sibley leads Syracuse to 2-0 over RIT, first-round bye in CHA tournament

first_imgMinutes after being honored in a pregame ceremony with forwards Laurence Porlier, Heather Schwarz, Morgan Blank and defenseman Larissa Martyniuk for Senior Day, forward Jessica Sibley got back to work. As soon as the puck dropped, she joined the forecheck and began to attack and swarm the net just as she had been doing for the past four years.She opened up the scoring by deflecting a backhander from Schwarz past Rochester Institute of Technology goalie Terra Lanteigne just over seven minutes into the game. Sibley hadn’t scored from opening night until last Saturday, but she got on the board for the third straight game.The goal would eventually turn out to be the game-winner as Syracuse (13-12-5, 12-4-2 College Hockey America) shutout RIT (6-24-2, 4-12-2) 2-0 . Most importantly for the Orange, it secured a first round bye in the upcoming CHA tournament in Buffalo.“You can eliminate the potential of playing three games in three days,” SU head coach Paul Flanagan said regarding the bye. “The fact that we’ve been stressing it takes 120 minutes to win a championship, I’d have been thrown all out of whack.”The Orange dominated the game from the start outshooting RIT 12-1 in the first. Flanagan said that if not for the outstanding play in net from Lanteigne, who finished with 32 saves, the score could have been lopsided after the first.AdvertisementThis is placeholder textMiller, who only faced eight shots the entire game, credited the team’s penalty kill (6-for-6) and its ability to block off open lanes and clear with relative ease due to the aggressive forecheck, allowing her to have, by her standards, one of the easiest days in net this season.“They’re blocking so many shots and not giving (RIT) any real good scoring opportunities,” Miller said. “(RIT) couldn’t get anything going…in the first period they only had one shot and two power-plays.”Martyniuk hit a post on a blast from the point and Sibley had a potential second goal taken away by the knob of Lanteigne’s stick. Junior forward and leading scorer Stephanie Grossi turned a 2-on-1 into a partial breakaway but was robbed by the glove of Lanteigne on a rising wrist shot.However, late in the third period Grossi scored from her knees as she flew forward through the air, eventually putting a loose puck from between the circle’s five-hole as she came crashing down in the crease.With some wiggle room, Syracuse continued to dominate the possession game and closed out the win.Even with all the missed chances on offense, or the occasional “selfish” penalty, Flanagan was impressed by his team’s ability to outshoot (34-8) and outwork an opponent on a home and home back-to-back.“We really went after them (both games) and sustained (pressure),” Flanagan said. “Maybe we had any lull in our game, we got it back quickly.” Comments Facebook Twitter Google+center_img Published on February 18, 2017 at 7:41 pm Contact Jake: jafalk@syr.edulast_img read more