Will fixed mortgage rates go down further in Canada by the end of 2020?

Author: External Author | | Categories: First Time Homebuyer , Mortgage Pre Approval , Mortgage Refinance , Mortgage Renewal , New to Canada Mortgage , Rental Properties , Second Home Mortgage , Self-Employed Mortgage

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You probably know that the Bank of Canada (BoC) has made two major rate cuts over the last two months due to the COVID-19 crisis, and that the BoC rate is now close to zero.

But borrowers are surprised to learn that fixed mortgage rates have remained fairly constant in spite of these large slashes in the BoC’s rates.

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Original Article Source Credits: The Review , https://thereview.ca/

Article Written By : Louise Sproule

Original Article Posted on : 

Link to Original Article:  https://thereview.ca/2020/05/21/will-fixed-mortgage-rates-go-down-further-in-canada-by-the-end-of-2020/



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