What All-Time Low Mortgage Rates Mean for Homebuyers Toronto Storeys

Author: ExternaL AuthorR | | Categories: Bad Credit Mortgage , Best Mortgage Rates , First Time Home Buyer , Home Mortgage Purchase , Mortgage Agent , Mortgage Broker , Mortgage For Purchase , Mortgage Pre Approval , Mortgage Pre-Approvals , Mortgage Refinance , Mortgage Renewal , Mortgage Services , Mortgage Solutions , Mortgage Specialist , Self Employed Mortgage

In case you’ve been living under a rock (or, well, not in a house you’re paying for), mortgage rates across the country are experiencing all-time lows. In fact, in early June, HSBC lowered its five-year fixed mortgage rate to 1.99%, becoming the first bank to “crack” the 2% barrier in Canada. While just 10 days ago, Bank of Canada Governor Tiff Macklem held a press conference in which he pledged that the Bank’s overnight lending rate of 0.25% would hold until the country’s inflation rate returns to its 2% target and achieves sustainably.

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Original Article Source Credits: Toronto Storeys , https://torontostoreys.com/

Article Written By: Toronto Storeys

Original Article Posted on: July 24, 2020

Link to Original Article:  https://torontostoreys.com/low-mortgage-rates-homebuyers-july-2020/