BMO offers record variable discount as mortgage wars heat up

BMO offers record variable discount as mortgage wars heat up BMO offers record variable discount as mortgage wars heat up – BNN Bloomberg The Toronto-based bank known for its spring mortgage specials is offering a five-year variable rate of 2.45 per cent until the end of May – 1 percentage point below its prime rate.

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08 May 2018 – BMO Offers Record Variable Discount as Mortgage Wars Heat Up (Bloomberg) 08 May 2018 – canadian banks’ mortgage-rate increases could trigger rise in qualifying rate, analysts say (The Toronto Star)

Pity the two-vehicle family with a mortgage up for renewal this spring Rob Carrick May 8 Updated BMO offers record variable discount as mortgage wars heat up.

Scotiabank raises benchmark 5-year fixed mortgage rate. Personal Finance BMO offers record variable discount as mortgage wars heat up

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BMO Offers Record-Low Interest Rate as Mortgage Wars Heat Up. Bank of Montreal is competing fiercely amidst a heated real estate climate, by offering the largest discount ever posted by a Canadian bank. Buyers will be offered a 5 year variable rate of 2.45 until the end of May, which is a full percentage point below the prime rate. Read more here.

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TORONTO — TD Bank is joining a rival bank in offering a highly discounted variable mortgage rate as competition among Canada’s biggest lenders heats up. The Toronto-based bank said Tuesday it’s lowering its five-year variable closed rate to 2.45 per cent, or 1.15 per cent lower than its TD Mortgage Prime rate, until May 31.