CMHC RAISES INTEREST RATES

Feb 28, 2014

By AM740 Staff

Share on

Canada’s national housing agency has increased the amount of money that homeowners with less than 20 per cent down payments must pay to insure their mortgages.
Under the new rules, Starting in May, they will range from 0.6 per cent to 3.15 per cent. That’s up from a between 0.5 per cent and 2.75 per cent.

Join Our Fan Club
Coverage Area
Downtown Toronto
96.7FM
Toronto HD
96.3 HD-2
Kingston to Windsor, Parry Sound to Pittsburgh
AM740
ZoomerRadio Logo

Recently Played: