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BMO, Scotiabank join RBC in quietly reducing mortgage rates ) W/ c/ |3 M: ^4 @- J
Canadian Press and Financial Post Staff | January 22, 2014 7:32 AM ET ) e/ r: Y% a9 s6 i6 D
Bank of Montreal and Scotiabank both lowered rates Tuesday although, like the Royal Bank, neither issued a news release announcing the changes. ; s( q+ H4 x6 ?6 x4 H* `
National PostBank of Montreal and Scotiabank both lowered rates Tuesday although, like the Royal Bank, neither issued a news release announcing the changes. ) `( B$ {8 @4 h
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$ i5 e' ^$ c; B/ l; yTORONTO — At least three more big enjoyedmontoncing some of their mortgage rates. ' |: n5 x6 Z, f6 P/ _
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Bank of Montreal, Scotiabank and TD Canada Trust all lowered rates this week. Like RBC, none issued a news release announcing the changes. 9 d# Y2 o) F- R! F3 \! t
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' p2 U( M v$ v( G' C+ k; UFor 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.
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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.
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- B1 \7 z4 H4 X; `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%. " d( k8 L, z9 D& }+ g+ ^5 W' B
. G' Y/ F. P" vTD 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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