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