RBC and TD have announced that they are lifting rates on fixed term products. See below for full details keeping in mind those are the posted rates. Others are likely to follow and discounts below posted rates are anywhere from 1.4-1.6%.
No change to prime rate and variable or adjustable rate mortgages. Though that is [...]
Entries from March 2010
Interest Rate Update - increases
March 29th, 2010 · No Comments
Tags: General
Rate update
March 19th, 2010 · No Comments
Even with news speculating of impending rate hikes, lenders keep lowering mortgage rates as competitive spring real estate market begins to heat up. Fixed rates have dropped with specials as low as 3.64% on 5 year terms ( 30 day rate hold ), 3.79% for 5 years can be held for 120 days and now variable [...]
Tags: General
Mortgage Rate Update
March 12th, 2010 · No Comments
Some specials this week with one lender dropping the variable rate mortgage to 1.75! That is prime minus .50%. Three year term. Fixed rates as low as 3.29% for three years and 3.64% for five years. Bank of Canada met two weeks back suggesting prime rate staying low til at least mid year. Great time [...]
Tags: General