Posts tagged ‘mortgage qualifying rate’
Monday Morning Interest Rate Update for February 10, 2020
Last week TD Bank lowered its posted five-year rate to 4.99%. TD’s move by itself isn’t enough to drop the stress-test rate. Other Big Six banks will need to follow. That’s where this gets interesting.
Last Updated on November 9th, 2017
Borrowers are often surprised to learn that qualifying for a variable-rate mortgage is harder than qualifying for a fixed-rate mortgage, even though the variable rate is lower. To find out why, check out today’s post.