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Monthly Archives: March 2020

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  3. March

Bank of Canada Qualifying Rate Reduction

NewsBy petermortgagesMarch 20, 2020Leave a comment

Here is some good news (when we need it most) that the qualifying rate is being reduced making it easier to qualify: Benchmark Qualifying Rate: Current Effective March 23, 2020 Rate Change Benchmark Rate Benchmark Rate 5.19% 5.04% -0.15%   When you have questions about home or business financing… trust EasyApproval.ca

TAKE ADVANTAGE AND LET’S TALK REFINANCE…

NewsBy petermortgagesMarch 9, 2020Leave a comment

So we are seeing the stock market and oil prices taking a beating today, and coming along for the ride are bond markets… with falling mortgage rates to follow. We have already seen a large decline in the last couple of weeks (on mortgage rates) but more are expected – and rather than hide from…

Mortgage Rates are in for a “Shake Up”

NewsBy petermortgagesMarch 5, 2020Leave a comment

If you’ve been watching the bond market, you’ll already know that the yield has been steadily declining for a couple of months now – and this week with the US and the Bank of Canada making moves (that affect Variable Rate Mortgages) we are in for some cuts in borrowing rates… and if you’re a…

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