What's behind your mortgage rate
Buying a home is probably the biggest purchase you’ll ever make. If you’re like most people, you won’t pay cash—you’ll borrow most of the money by taking out a mortgage. And over the life of the mortgage, you’ll pay a lot in interest.
Original Article Source Credits: Bank of Canada , https://www.bankofcanada.ca/
Article Written By: Yang Xu and Yi Zheng
Original Article Posted on: NA
Link to Original Article: https://www.bankofcanada.ca/2020/05/whats-behind-your-mortgage-rate/