Bank of Canada expected to cut mortgage rate to near record low

Author: External Author | | Categories: Bank Mortgage , Builder Mortgage , Debt Consolidation , Down Payment , First Time Home Buyer Mortgage , Home Equity Line Of Credit , Home Renovation Mortgage , Investment Property Mortgage , Mortgage Pre-Approval , Mortgage Pre-Approvalv , Mortgage Refinance , Mortgage Renewal , New to Canada Mortgage Program , Reverse Mortgage , Second Mortgage

Bank-of-Canada-expected-to-cut-mortgage-rate-to-near-record-low-NEWS-1130.png

Mortgage rates could near a record low as experts expect the Bank of Canada to cut its five-year mark as soon as this week.

CIBC and BMO both cut their five-year mortgage rates by 15 basis points earlier this week to 4.79 per cent.

Read More

Original Article Source Credits: CityNews1130 , https://www.citynews1130.com/

Article Written By: MARTIN MACMAHON AND MIKE HALL

Original Article Posted on:  Aug 11, 2020 

Link to Original Article:  https://www.citynews1130.com/2020/08/11/bank-of-canada-expected-to-cut-mortgage-rate-to-near-record-low/



READ MORE BLOG ARTICLES