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Deeper Variable Rate Discount

19NOV
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Deeper Variable Rate Discount

Just moments after major lenders, led by RBC, announced rate reductions on their posted fixed rates Merix Financial also announced a deeper discount to their variable rate mortgage. Merix Financial is now offering a 3 year closed variable rate term at Prime minus 0.25%. Effective today that means a rate of 2.00%. This is now
- Posted by Wayne Mah
- First-Time Buyers
- Market Update
- Mortgage Rates
- Refinance or Renewals
- Save Money With Your Mortgage
- Uncategorized
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18NOV
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RBC Lowers Mortgage Rates

RBC led the pack today by lowering rates on all their fixed rate terms. This was quickly followed by BMO, with TD only choosing to match the 5 year term reduction. No word from the other majors as of this posting.
- Posted by Wayne Mah
- Mortgage Rates
- Refinance or Renewals
- Save Money With Your Mortgage
- Uncategorized
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21OCT
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RBC decreases Homeline Rate

RBC announced today that effective tomorrow, Thursday October 22, 2009, their Homeline Plan line of credit rate will drop to Prime plus 0.50%. This is a drop from Prime plus 0.90%. “Now, more than ever, Canadians can use a break when it comes to financing what is often their largest purchase – their home,” said
- Posted by Wayne Mah
- Mortgage Rates
- Save Money With Your Mortgage
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