It seems that the major banks come up with a new and different mortgage product all the time. While it’s good that they’re trying to create new products for different types of consumers, the products themselves aren’t always easy to understand. Let’s take a closer look at two unique products, a blended mortgage and a rate capper mortgage.
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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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Well some good news today for first time home buyers and home owners as fixed mortgage rates dropped again as RBC, CIBC, Scotiabank and Laurentian Bank announced the latest mortgage rate changes of -0.10% for most fixed rates. These new …
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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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Fixed mortgage rates are heading higher again as RBC, Scotiabank and CIBC announced they’re increasing their fixed rates, with some of the changes effective today. RBC was the first to move again and increased most of their fixed mortgage rates …
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