Banks Show Restraint on Mortgage Rates

Banks Show Restraint on Mortgage Rates

A year after being admonished for cutting mortgage rates too aggressively, banks are demonstrating a new, self-imposed restraint.

In March, 2013, Bank of Montreal dropped its five-year mortgage rate to 2.99 per cent, spurring Manulife Bank to follow suit as the all-important spring housing season kicked off. Read the full article HERE

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