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10 Feb
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Posted by mbank
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Bye bye 2.99% – mortgage rates go up
http VICTORIA – The days of record low mortgage rates may be gone. BMO stunned the market when it dropped its borrowing rate to just 2.99% last month. And Royal Bank and TD followed suit, trying to stay competitive in a suffering market. That all changed when the banks pulled the plug on the sub 3% rate today, due to concerns over the bond market. Mortgage brokers say the change is nothing to panic about. The rates now sit at just over 3%. Follow Louise Hartland on Twitter:
