A posted mortgage rate below 1%? It just happened — and here's why | CBC News

Author: External Author | | Categories: Debt Consolidation , First Time Home Buyer , Home Renovation Mortgage , Investment Properties , Mortgage Associate , Mortgage Down Payment , Mortgage Penalty , Mortgage Renewal , Refinance Mortgage

The pandemic has walloped Canada's economy, but borrowers who've managed to hold on to a job have benefited from record-low borrowing rates. Now one bank has hit an attention-grabbing new low, with a variable rate of 0.99 per cent.

Original Article Source Credits: CBC, https://www.cbc.ca

Article Written By: Pete Evans 

Original Article Posted on: Dec 06, 2020

Link to Original Article: https://www.cbc.ca/news/business/mortages-covid-hsbc-1.5828934

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