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BMO, Scotiabank join RBC in quietly reducing mortgage rates , r) ^+ ]. K0 }
Canadian Press and Financial Post Staff | January 22, 2014 7:32 AM ET
% y0 k8 k2 n' J* C+ O; g& i* pBank of Montreal and Scotiabank both lowered rates Tuesday although, like the Royal Bank, neither issued a news release announcing the changes.
0 C# i5 }) L8 H/ M3 ~, Z. UNational PostBank of Montreal and Scotiabank both lowered rates Tuesday although, like the Royal Bank, neither issued a news release announcing the changes. $ ?' X2 }& r( G2 g! i. w9 e
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TORONTO — At least three more big enjoyedmontoncing some of their mortgage rates.
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7 D6 @* G% ]! I( E6 ?Bank of Montreal, Scotiabank and TD Canada Trust all lowered rates this week. Like RBC, none issued a news release announcing the changes. & |4 {7 q. j! n& F2 ^; s8 A% O3 Y
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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.
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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%. ) H0 q: ]1 H0 ^* S$ A5 h9 E
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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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