Five mortgage market truths

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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