Good News! The stress test is being lowered. Its not tremendous but its certainly a step in the right direction. We have yet another new borrowing guideline that the federal government is amending on April 6,2020. Here is the list of the summarized details: • Applies to borrowers seeking financing with less than 20% down payment for insured mortgages • Not just for first time home buyers, but everyone with less than 20%. • Overall qualifying rate will be reduced by approx 30 basis points or 0.30% currently at 5.19%. • This change is being made to bring the qualifying rate more in-line with the housing…