This week on Money Wise, we’re all about sharing our favourite shopping tips and tricks. After all, who doesn’t love to score a fantastic deal for less? Heck, some people will even leave the country for their smart shopping fix.
The 2.89 Five Year Fixed Rate Mortgage has returned, available in Ontario, Northwest Territories and Yukon, and available only for high-ratio mortgages. It’s sure to be a hit with the first time home buyer crowd – but how long will it stick around?
Nothing like a record low mortgage rate to start the week! 5 Year Fixed has dropped AGAIN – this time to 2.88 per cent! Following last week’s vertigo-inducing activity, looks like we’re in for more record lows. But how long will they last?
Earlier this week, we couldn’t believe our eyes when we saw the already ground-level 5 year fixed mortgage rate drop to a record of 2.94% in Ontario. Taking into account the roller coaster nature of these rates, we wondered: how long could this rate stay around? And could it go even lower? Our musings were answered today as rates dipped even lower to 2.89% – and this time, more provinces are getting in on the action.