Corona Crisis: Mortgage Advice Recap

It's Week 10 - here's a recap of tips to manage your mortgage.

I took the Victoria Day weekend off so there won’t be a new post this week.

Instead, here are links to five of my most popular recent posts describing the unusual mortgage market we find ourselves in today and how best to navigate through it:

Rate Table (May 18, 2020)

The Bottom Line: Five-year fixed rates dropped a little last week while five-year variable rates were unchanged. The drop in our five-year fixed rates was caused largely by a reduction in lender risk premiums this time, and not by a drop in the Government of Canada five-year bond yield that our fixed rates are priced on. This is a slow-moving trend that I expect will continue in the week ahead. See you next week.

Image credit: iStock/Getty Images

David Larock is an independent full-time mortgage broker and industry insider who works with Canadian borrowers from coast to coast. David's posts appear on Mondays on this blog, Move Smartly, and on his blog, Integrated Mortgage Planners/blog.

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Mortgage     |     Coronavirus     |    

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