Mortgage rates drop to new low as Fed grows closer to slashing interest rates: Freddie Mac

By: Mortgage rates dropped again this week to the lowest level since February, according to Freddie Mac.  (iStock) Mortgage rates dropped again this week to the lowest level since February in anticipation of the Federal Reserve cutting interest rates by 25 basis points in September, according to Freddie Mac. The average 30-year fixed-rate mortgage was 6.73%…

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Mortgage Rate Holds: A Guide

By: Table of Contents {{ tocState.toggleTocShowMore ? ‘Show more’ : ‘Show less’ }} One of the most important factors when buying a home in Canada is the interest rate on your mortgage. With interest rates constantly changing, estimating how much you can afford to spend on your new home can be challenging. This is where…

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