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 &
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.
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
