That means mortgages with the highest loss potential will receive even lower rates in 2017. Perverse, but true. New insurance and capital rules will thwart mortgage finance companies, thereby damaging rate competition in 2017. Because of how the system now works, mortgage shoppers with 20-per-cent to 35-per-cent equity will see discounts and mortgage options shrink the most. These folks will be pushed right into the arms of major banks and big credit unions, who are less hindered by new rules. With the competition less able to undercut them, these lenders (who often have high penalties and refinance or renewal rates) will take this opportunity to cut mortgage discounts. You'll see more of the mortgage process go online in 2017. That means more lenders will support e-signatures, let you take pictures of documents with your phone, upload paperwork online and support you via live video chat. Next year will also mark the birth of robo mortgage advisers. These online "bots" will instantly answer basic mortgage questions with no sales spiel.

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