They’re back! After speculation that rates would never return to the 2.99 per cent mark, BMO sent a shock wave through the mortgage industry earlier this week by offering the rate over a 5 year term. TD, RBC and CIBC are all trying to compete by dropping their 4 year rate down to 2.99 per cent as well. These products may offer less features than their conventional products, so be sure to do your research before signing on the dotted line.
About the Author: Laura
I am the Account Manager here at RateSupermarket.ca. After graduating from the B.Comm, Management Economics in Industry and Finance program at the University of Guelph, I began my career at a major bank and worked my way into a sales position in KW. Retail banking was the perfect avenue to provide me with the exposure, training and education I needed to decide what direction my career path would take.
I found out quickly that I loved lending so I made the move to the big city and became a licensed Mortgage Agent in Ontario. It was rewarding to be able to help my customers find the very BEST product and rate and not being restricted to only offering what my company had to offer. I also acted as the in-house mortgage expert at RateSupermarket.ca where I assisted with customer enquiries and regularly contributed to the Money Wise Blog - the birth of the Friday Mortgage Round Up!
I love learning and being challenged and felt as though the learning aspect of my job as an Agent was drying up; so I jumped ships. Today, I am proud to say that I am the Account Manager here at RateSupermarket.ca. I actually love coming to work, it's an inspiring place! I feel that I learn something new everyday and I feel blessed to work closely with a tremendously talented group of passionate people.
You can read more about me on Google+.Read more articles by Laura →