September 2010 | Mortgage For Less Corp.

BMO’s Drops The Gauntlet With Its 5-Year Fixed Mortgage

Posted on September 18/2010 by Mortgage For Less

It’s rare to see a big bank undercut its mortgage competitors so publicly. Most of the time they do it stealthily with “discretionary rates” that are only offered to the bank’s best customers. Not this time. BMO has declared war with a new 3.75% five-year fixed rate. The other big banks are advertising 4.09% for their “special offer” rates. BMO’s promo, however, is 0.34 percentage points lower, and a juicy 1.64% off posted rates!

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Home sales improve in August

Posted on September 15/2010 by Mortgage For Less

Sales of existing homes rose month-to-month in August for the first time since March, according to the Canadian Real Estate Association. There were about 32,800 transactions in August, up 4.1 per cent from July on a seasonally adjusted basis.

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