Five-year mortgage rates sink below 4 per cent amid trade uncertainty. How long will it last?
A trade war between Canada and the U.S. over tariffs was temporarily averted this week but the mortgage market reacted immediately with five-year fixed rates falling to 2½-year lows.
Given that the uncertainty is far from over, here’s what to keep in mind if you’re shopping for a new mortgage rate, or coming up for renewal on your current term.
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