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BMO, Scotiabank join RBC in quietly reducing mortgage rates y* S, q2 x: `# a$ `4 w
Canadian Press and Financial Post Staff | January 22, 2014 7:32 AM ET + q+ v3 c: J$ X8 o; _, X
Bank of Montreal and Scotiabank both lowered rates Tuesday although, like the Royal Bank, neither issued a news release announcing the changes.
8 @/ @9 G2 e; O+ {% ]National PostBank of Montreal and Scotiabank both lowered rates Tuesday although, like the Royal Bank, neither issued a news release announcing the changes. r* }5 C7 P8 v- V/ a' i2 w
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5 _; E/ e. q3 \1 ]! \! Y& |* v1 k$ F; d9 ~TORONTO — At least three more big enjoyedmontoncing some of their mortgage rates.
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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. " r' \3 F" k" J a9 o' }% e
- o* h) W* A- NHow factory-built homes are shedding their ‘cheap’ label and exploding in popularity ! M4 L, a o- m) S* n' {2 A- ~
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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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, l+ T" u$ A6 ?# e. _" {" w2 }Continue reading ; D2 E* S* D) h" g5 W% {
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. 3 v" ?, F8 y, g* P+ D
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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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" _3 P! y" l8 H: n0 |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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8 H" C) f$ E* R+ d8 ^! lTD 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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