With so much in the news recently on mortgage rates, Ron Lefebvre explains the impacts of what the recent rate cut could mean for Edmonton homeowners, along with other helpful insights on this radio broadcast of The Ryan Jespersen Show on 630 | CHED.
Edmonton – In our last post on March 7, 2020 “What the Bank of Canada Rate Cut Means to You” we commented on the Bank of Canada’s announcement to cut the overnight interest rate by 0.5%. If you missed it you can read it here.
As the market continues to react to the volatility in the stock market, plunging oil prices and the impact of COVID-19, lenders are lowering mortgage rates which means if you’re waiting for a sign to finally refinance your mortgage for another five years of added security, this is it.
We’ve have had numerous changes to what is and what is not possible over the last several years regarding mortgage-related policy and guidelines (thirteen mortgage-related rule changes from 2017-2019 alone), so it’s no wonder some people may be scratching their head wondering what’s different about this time. This time more than ever is about one thing; opportunity. There are many hard-working Alberta families that have been struggling financially to stay afloat so these lower rates may just be the lifeline needed. Lower payments allow a family’s monthly budget to have some breathing room, to replenish their savings, and in some cases to begin living life with a little less stress.
Ryan Jespersen talks about news, politics, and pop culture on Global News 630 CHED radio. He’s one of Alberta’s 50 Most Influential People and one of Edmonton’s Top 40 Under 40 on Avenue Magazine’s inaugural list, so the chance to share some insights to help Edmonton homeowners benefit from lower rates could not be missed. Listen here now:
Ron Lefebvre has consistently been a top performer in this dynamic industry with recognition at the CMP Canadian Mortgage Awards, & CMP Top 75 Mortgage Brokers. He continues to set records including being ranked Top 10 Nationally in various categories. Currently serving on the Alberta Mortgage Brokers Association Board of Directors as the Government Relations Director he still works to help as many people as possible and believes in real relationships too, which is why he follows up for years to come, ensuring his clients always have the best mortgage for their needs.
Benchmark Mortgages Inc. is an Edmonton brokerage designed to establish meaningful long-term relationships with clients and help them achieve financial freedom faster with diverse and customized mortgage options. The term “benchmark” originates from the chiseled horizontal marks that surveyors made in stone structures as an established point of reference. By definition, it is a mark that serves as a standard by which others may be judged or measured.