Five mortgage market truths, like you can do better than 2.99%
Article by Rob Carrick with The Globe and Mail, April 2, 2014
Here are five things you need to know about the mortgage market as the spring home-buying season gets going:
1. That 2.99 per cent Bank of Montreal five-year mortgage isn’t quite as good as it sounds.
2. You can do better than 2.99%.
3. We will see wide open rate competition this spring.
4. Variable-rate mortgages are looking good.
5. The banks will crush you if you want to break your mortgage.
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