Lowest level in over 30 years
RBC one-year closed mortgage drops to 3.70%
Recent purchasers say they are knowledgeable about the mortgage process
Mortgage linked to savings account
Low mortgage rates will be very beneficial for Canada’s housing market
TD Canada Trust and Bank of Nova Scotia have lowered mortgage rates, effective April 7, the banks said Monday.TD is dropping its rates by 10 to 30 basis points.For example, the rate for a 1-year closed mortgage drops by 30 bps to 4.20%.Scotiabank is also trimming its rates by 10 to 30 bps.The rate for […]
Product shows consumers how to reduce interest paid on a mortgage
TD cut rates on fixed mortgages
Bank of Montreal has launched a new 5 Year Variable Rate Closed mortgage product that allows customers to take advantage of record low lending rates with the flexibility to lock into a fixed rate closed mortgage at anytime, the bank said Tuesday.“Recently we’ve seen an increase in the number of customers choosing a variable rate […]
But SCC ruling suggests such schemes be kept simple