Bank of Canada cuts benchmark mortgage rate for 3rd time in months

Author: External Author | Sep 02, 2020 | Categories: CHIP Reverse Mortgage , First Time Home Buyer Mortgage , HELOC Mortgage , Home Equity Mortgage , Home Loan Mortgage , Mortgage Broker , Mortgage Pre Approval , Mortgage Professional , Mortgage Renewal , Mortgage Services , Mortgage Specialist , Refinance Mortgage , Residential Mortgages , Self Employed Mortgage

Blog by Raj Gera - Dominion Lending Centres

House-hunting Canadians saw their buying power increase this week as the benchmark five-year mortgage rate reported by the Bank of Canada fell for the third time this year, easing a key stress test faced by borrowers.

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Original Article Source Credits: Global news , https://globalnews.ca/

Article Written By: Tara Deschamps

Original Article Posted on: August 13, 2020

Link to Original Article: https://globalnews.ca/news/7272563/bank-of-canada-cuts-benchmark-mortgage-rate/