Latest in Mortgage News: Stress Test Rate to Drop

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Mortgage Agents in High River

Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week.Both RBC and BMO cut a number of their posted mortgage rates this week, which should cause the mortgage stress test to fall from 5.04% to 4.99%, according to RateSpy.com.

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Original Article Source Credits: canadianmortgagetrends, https://www.canadianmortgagetrends.com/

Article Written By Steve Huebl

Original Article Posted on : May 15, 2020

Link to Original Article: https://www.canadianmortgagetrends.com/2020/05/latest-in-mortgage-news-stress-test-rate-to-drop/

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