Five-year fixed mortgage rate in Canada falls to 1.99%

First published at 16:32 UTC on June 9th, 2020.

The move would make it harder for riskier borrowers, who offer down payments of less than 20 per cent, to access CMHC’s default mortgage insurance.

CMHC is establishing a minimum credit score of 680 instead of the current 600, the group said in an …

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