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BMO, Scotiabank join RBC in quietly reducing mortgage rates
, ~2 V( }% ~+ U$ x$ W7 g$ v. _Canadian Press and Financial Post Staff | January 22, 2014 7:32 AM ET
w0 ]6 w/ Q1 z3 R hBank of Montreal and Scotiabank both lowered rates Tuesday although, like the Royal Bank, neither issued a news release announcing the changes. ' B1 F( _' ]# |$ ?7 R
National PostBank of Montreal and Scotiabank both lowered rates Tuesday although, like the Royal Bank, neither issued a news release announcing the changes. 0 l* h+ W1 U2 V [3 P
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TORONTO — At least three more big enjoyedmontoncing some of their mortgage rates.
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' K! j. c% b/ }! z: ?Bank of Montreal, Scotiabank and TD Canada Trust all lowered rates this week. Like RBC, none issued a news release announcing the changes. ' b7 K/ v" O3 q* h( j+ U" V7 C
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How factory-built homes are shedding their ‘cheap’ label and exploding in popularity
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Most 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
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9 @* {" v4 X( j- q& MContinue reading
4 P0 J' ?6 p5 b9 h& u( q8 PFor 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. + y. M5 o1 u% [/ Y: g& L
) J8 n [3 f w# j4 {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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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%. ' ]4 Y: f# s# t/ S
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TD 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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