Every day it seems like we are watching our TV screens waiting for more news from the Canadian Government and their support to its Canadian citizens during this time.
We hope by sharing this Canadian COVID-19 Economic Response Plan we can clarify and show you how the government plans to help during this time.
Our team at Browne Mortgages + More are here for any questions you may have. Call, text, or ask to arrange a video call!
The #1 Reason Rates Are Dropping
Here at Browne Mortgages + More we strive to be transparent about the ever-changing mortgage rates. As COVID-19 (Coronavirus) has had a material shock on Canadian and global outlooks, the monetary and fiscal authorities are responding. Because of this, we are seeing fixed interest rate reductions from mortgage lenders across the board.
What does that mean for you?
Today’s current interest rate is 2.49%!
This shockingly fast and low rate drop is EXCELLENT for anyone getting a mortgage or changing their existing one. NOW is the time to make a change to your mortgage if you’re considering the following:
- Debt consolidation
- Second home purchase
- Rental property purchase
- Early mortgage renewal
If you’ve considered buying, this is a perfect time!
Our team offers complimentary mortgage reviews to see if making a change is worth it. This change could save you thousands in interest.
Corona Virus & Mortgage Rates
I am sure you have all heard of the Coronavirus spreading throughout parts of the world. As this virus continues to spread, Mortgage Rates are dropping due to this event. We’ve seen bond rates drop by 0.41% in the last 45 days and are continuing to decline.
More to come in the next week.