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Things That You Should Know About Home Mortgage Rates in Canada

Home mortgage premium rates in Canada changes from time to time. The current market status is the general reason why there is inconsistency on mortgage interest rates. Various products have been offered by different financing companies to consumers. Generally, the interest rate of home mortgages in the areas of Canada ware based from the rate of bonds that was issued by the Bank of Canada. The bank’s current rate is what indicates the country’s current status affecting all the things on where financing is involved. Canada Mortgage and Housing Corporation (CMHC) is an agency that provides mandatory rules to financing companies in the areas of Canada. These rules keep the balance and fairness in between the borrowers and the lenders. Continue reading

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September 3, 2012 Posted by | Mortgage | , , , , , , , , | 1 Comment