If you’re reading this post it’s extremely important to not only listen to my link, but read the attached article from Canadian Business on-line below! A few weeks ago I had the opportunity to speak about current mortgage rates and what a consumer can expect when taking out a mortgage today on our weekly radio
RBC has led the way again… announcing yesterday that they have lowered their fixed interest rates by the following. 5 year posted fell .15% to 5.59% 1,2 & 3 year terms fell .20% Shortly after this announcement, BMO matched the drop and TD decided ONLY match the 5 year drop. The other majors (CIBC &
Merix Financial has just announced a below prime variable, the lowest nationally-advertised variable rate product in over a year. Merix is now offering a 3 year variable rate at Prime – .25%. Now of course there are some conditions. The Conditions: Must close within 30 days. Purchase and refinance only. NO pre-approvals. Owner occupied single
