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TD discounts five-year variable mortgage rate as competition heats up – The national average sale price decreased by 11.3 per cent year over year. home sales have slowed because of various factors, including measures introduced by the Ontario and B.C. posted five-year.
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What you need to know about mortgages if interest rates rise – an interest rate hike has implications for fixed-rate mortgages, too. “The mere mention of a rate hike had an effect on bond yields, already resulting in an increase in the popular 5-year fixed rate.
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Is It Time To Short The Canadian Housing Market? – Bank of Montreal (NYSE:BMO) recently reduced the popular 5-year fixed mortgage lending rate to a sub 3% level citing lower bond rates. Meridian, Ontario’s largest Credit Union, followed suit and.