Mortgage Rates Keep Setting New Record Lows
While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for under 2.00% from discount brokers.
Concerns over a second wave of COVID-19 have caused Canada’s 5-year bond yield to fall to its own record-low, which in turn is pulling down fixed mortgage rates.
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By : Steve Huebl
Original Article Posted on : June 30, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/06/mortgage-rates-keep-setting-new-record-lows/