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BMO, Scotiabank join RBC in quietly reducing mortgage rates . v2 p6 X6 l* e: [: S0 c2 i0 s' b
Canadian Press and Financial Post Staff | January 22, 2014 7:32 AM ET
# k4 L' s6 \6 J0 U+ ?Bank of Montreal and Scotiabank both lowered rates Tuesday although, like the Royal Bank, neither issued a news release announcing the changes.
W1 O& v3 ~5 g3 x; n( A* FNational PostBank of Montreal and Scotiabank both lowered rates Tuesday although, like the Royal Bank, neither issued a news release announcing the changes. / o& k. v/ ?" H' ^
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TORONTO — At least three more big enjoyedmontoncing some of their mortgage rates.
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w2 \2 P6 g! \' w7 N7 [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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2 }. t; f7 ^2 I9 G9 PHow factory-built homes are shedding their ‘cheap’ label and exploding in popularity 9 x# \) I" n& A* E. m d
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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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8 r- @, n- u l# S* K4 ]Continue reading
3 d7 k; N; W' G4 F1 |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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1 {+ u" e* {' E( m R/ oThe 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%. 8 _& w6 d2 {6 D: m0 x$ `9 }
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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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