COVID-19 Mortgage Update: A summary of the last 90 days featuring Jon Sowerby - a podcast by Jim Lao

Well, what a difference a few months can make. With March 2020 sure to go down as one of the most volatile months on record with 3 interest rate cuts totaling 150 basis points in declines this really is a once in a generation kind of interest rate situation. With the markets in complete turmoil and our finances teetering on the brink I would say (tentatively) that we have some light at the end of the tunnel. The next few months will tell us if this is the road to recovery or simply an oncoming freight train. So while we’re not out of the woods yet the markets have now seen two bank announcements regarding key over night rates (no changes) and a modicum of stability has returned to the market.

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