Friday, November 28, 2008

Lower Mortgage Rates!

The Globe and Mail today reported that several Canadian financial institutions lowered their residential mortgage rates yesterday, across a broad range of maturities to take effect beginning this week. The reductions on one to five year fixed-rate mortgages, ranged from one-quarter of a percentage point to a full percentage point and varied with financial institutions.
The companies lowering rates included Royal Bank of Canada, Bank of Montreal and Desjardins Securities. The lower rates will hopefully bring some relief for Buyers!

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