Latest in Mortgage News: Stress Test Rate to Drop

Author: External Author | | Categories: Debt Consolidation, First Time Home Buyer Mortgage, Mortgage Broker, Mortgage Calculator, Mortgage Rates, Private Equity Investors, Private Mortgage Lending, Refinance Mortgage, Reverse Mortgage, Royal Canadian Legion, Self Employed Mortgage

Mortgage Broker Bradford

Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week.Both RBC and BMO cut a number of their posted mortgage rates this week, which should cause the mortgage stress test to fall from 5.04% to 4.99%, according to RateSpy.com.

Read More

Original Article SourceCredits: canadian mortgage trends, https://www.canadianmortgagetrends.com/

Article Written By Steve Huebl

Original Article Posted on : May 15, 2020

Link to Original Article: https://www.canadianmortgagetrends.com/2020/05/latest-in-mortgage-news-stress-test-rate-to-drop/



READ MORE BLOG ARTICLES

Top
Top