Blog entries will be posted in the language in which they were written.
September 13th, 2010

BMO slashes mortgage rates amidst wide-spread rate raises!

Posted by Joan McGuigan

When the Bank of Canada met last week, they made a decision to raise the overnight lending rates by 25 basis points to one per cent. Many banks and mortgage brokers have responded by raising their fixed rates, up to 5.39%!

However, we have just gotten word that BMO has slashed their five-year fixed rate by 20 basis points to 3.59%!

This cut comes in advance of the usual fall home-buying season. E-mail us today to find out how you can take advantage of this historically low rate and find your dream home!

Back to top of page

Post a Comment

Your Name
Your E-mail Address
Your e-mail address will not be published
Website
Your Comments
  Please allow 24-72 hours for your comment to appear.