Posts tagged ‘mortgage qualifying rate’

  • Is the Mortgage Stress-Test Rate About to Drop?

    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.

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  • The Mortgage Qualifying Rate (MQR)

    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.

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