mortgage rate
Bymortgage rate
I learned that Federal reduced mortgage interest rates by 0.5% of those eligible for this benefit?
I heard a news item on the federal government cut mortgage rate by 0.5%, is it true? Who is qualified for this benefit? We got our loan from a mortgage company.
Not true. Mortgage interest rates are determined on the open market and not set by any agency. The Fed lowered the funds rate by 0.5%. This is an interest charged by one bank to another and has an effect on other rates because the cost of funds for banks are cheaper. But the effect on long-term loans and housing loans would be limited. You can help the economy maintain some strength and help job growth. But federal government does not control mortgage rates at all. The Federal Reserve does not control mortgage rates of interest at all.
mortgage rate
What is the best available mortgage rate available to Canadians at this time?
What is the best available mortgage rate available to Canadians at this time. I am seeking approval for a period of 5 years with a fixed interest rate. Thank you
At present rates of 5.05% or 5.09% fixed for 5 years. The last two times I renewed my bank (TD Canada Trust), and some used canadamortgage.com Other sites local mortgage broker to get the best deals, then sought and obtained my bank to match the competitive rate. If your bank has won `t match, use a local mortgage broker for your mortgage.
Homes lost, families desperate as mortgage rates skyrocket in US
