What does this much needed rate drop mean?This is great news for variable rate mortgage holders and home equity line of credit borrowers. And lower bond yields have led many mortgage providers to reduce fixed mortgage rates by up to 0.25% for 3- and 5-year terms.Choosing between a fixed or variable-rate mortgage depends on your financial goals and risk tolerance. How to choose a mortgage broker? Ask HELM. We are happy to share interview questions as well as information to ensure your choose a mortgage broker who is right for you and your needs.
The Bank of Canada decreased its rate by .25bps today!
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