This week, all of the big banks have announced decreases to fixed mortgage rates. RBC was the first one to drop rates by 10 basis points, quickly followed by Scotiabank, TD and BMO. CIBC announced today that they would follow suit as well. This puts the popular 5 year fixed rate at 5.29%
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The other major banks including CIBC, Scotiabank, BMO, Laurentian and Desjardins all followed RBC and TD’s lead last week and dropped most of their fixed mortgage rates by 0.10%. This comes as a result of the continuing decline of government …
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TD Canada Trust and BMO Bank of Montreal were the first big banks to drop their benchmark posted 5 year fixed mortgage rates by 0.15%, effective today May 8, 2010. This comes as the main influence on these rates, the …
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The other major banks followed RBC’s move to lower mortgage rates this week. Bank mortgage rates are dropping as result of lower 1, 2 and 5 year bond yields. Bond yields drive fixed rates because they are a big part …
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The other big banks moved to increase their fixed mortgage rates effective today, October 14, 2009, following RBC’s mortgage rates increase last week. The fixed rate increases range from 0.10% – 0.35% while variable rates remained unchanged. The latest rates …
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