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BMO, Scotiabank join RBC in quietly reducing mortgage rates ; G# P5 Q$ e' }" B5 {5 J: ]) |
Canadian Press and Financial Post Staff | January 22, 2014 7:32 AM ET 0 `* Y. C2 U) A8 B- M
Bank of Montreal and Scotiabank both lowered rates Tuesday although, like the Royal Bank, neither issued a news release announcing the changes.
/ I: Z# {0 \% ], E/ X. ONational PostBank of Montreal and Scotiabank both lowered rates Tuesday although, like the Royal Bank, neither issued a news release announcing the changes.
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TORONTO — At least three more big enjoyedmontoncing some of their mortgage rates.
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2 @% ?0 k& `8 o+ XBank of Montreal, Scotiabank and TD Canada Trust all lowered rates this week. Like RBC, none issued a news release announcing the changes. ) Y0 y8 t" `0 H' Y8 G
( l) }3 B: O( o) \How factory-built homes are shedding their ‘cheap’ label and exploding in popularity & e8 M. J+ p5 Q5 ^$ ]
9 `9 Z3 p% r. GMost new homes are built stick by stick, brick by brick, by a construction crew on-site, but a growing number of Canadians are buying homes right off the factory floor to be assembled on the lot within days
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$ [; \! F0 I% z! CContinue reading
9 E7 f3 Q# J: t* cFor example, Scotiabank lowered its five-year closed fixed term mortgage 10 basis points to 3.49% on its website Tuesday, down from 3.59% posted on the site Monday. 4 ~+ R+ i0 C; ~2 k
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BMO, meanwhile, lowered a number of its rates between 10 and 20 basis points, including its posted five-year fixed rate to 3.69% from 3.89%, according to Ratehub.ca. 2 X' v& v" P: M5 ?$ Q5 Q
, z# m( F7 R. C0 {The changes, first reported by the Business in Canada website, follow a move on the weekend by RBC to quietly lower its rates on several fixed-rate mortgages by 10 basis points, bringing its five-year closed rate to 3.69%. ) H# {0 n x+ p* z# c. b4 t" T
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TD followed suit on Wednesday and now has a posted discounted rate of 3.69% for its five-year fixed mortgages, down from the rate of 3.79% that had been in effect since August. The bank has also made changes to several of its other closed rates. |
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