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BMO, Scotiabank join RBC in quietly reducing mortgage rates " L4 [$ _* y9 g
Canadian Press and Financial Post Staff | January 22, 2014 7:32 AM ET
8 ^& }; r! g* k6 @+ P7 sBank of Montreal and Scotiabank both lowered rates Tuesday although, like the Royal Bank, neither issued a news release announcing the changes.
% o6 \# Z6 r# ^* |0 l/ W: nNational PostBank of Montreal and Scotiabank both lowered rates Tuesday although, like the Royal Bank, neither issued a news release announcing the changes. . u1 P& `, v1 I! s
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. }, M/ G9 B; A# R9 [# y4 d* xTORONTO — At least three more big enjoyedmontoncing some of their mortgage rates. ^+ I) [4 |0 o: ^% N" Q: g
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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.
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9 G/ b; c& U8 B' w# S u2 ^4 y% dHow factory-built homes are shedding their ‘cheap’ label and exploding in popularity : M4 u6 F5 ^$ V8 G/ A6 F. M
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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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+ {5 m4 R) ^$ z$ a! x, f* X5 qContinue reading $ w$ a' F- d7 L, x2 \- Q6 `
For 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.
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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. - H6 F. c+ K. b$ Z4 D
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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%.
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( q/ g% B2 L( C2 TTD 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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