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BMO, Scotiabank join RBC in quietly reducing mortgage rates ( r. I+ M( v, |
Canadian Press and Financial Post Staff | January 22, 2014 7:32 AM ET ( c+ N3 H% d! G5 y" C
Bank of Montreal and Scotiabank both lowered rates Tuesday although, like the Royal Bank, neither issued a news release announcing the changes.
% }% P( u1 f9 {8 B3 l0 y; g7 kNational 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. 7 F3 d7 H+ j: G* E1 a$ s
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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. |8 `9 I' G% P, @7 a) {" }: I! Q
6 [6 `% I& ?6 x/ K! A- eHow factory-built homes are shedding their ‘cheap’ label and exploding in popularity
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- N! j5 i" P5 L6 G# AMost 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 $ @' `9 g# \6 N
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( Q# o$ I1 p0 m1 fFor 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. % C; R8 p ?& d; j+ y7 X& Z
' g, W& s' y& n4 p* J: i! Y1 \$ d* C( oBMO, 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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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%. ' q6 c! A/ Y% q
- ] a1 X* e+ g$ sTD 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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