Yes, Prime -0.6 was there from last month but not everyone had access at then.
If you read my previous post you can see I’ hv mentioned about getting better rate than Prime -0.5 2-3 weeks ago but guess no one trusted my words.

If you are qualified buyer then you can hit the ground with best possible rate since there is so much competition among lenders and they are always willing to negotiate for good client.

You just need right people and right approach to get it

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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)

Hi friends,
Can you guys please post as to what rates did you zeroed on ? I too need to have my mortgage renewal up in later this year.
Thanks for your replies

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mor

Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.

I got 4 % from BMO & that too locked in for 12 months

I was also having offer from TD for variable Prime MINUS 0.5, but they are not ready to lock for 12 months
Maximum they can do is 120 days

But person from TD say variable will be better in another 6-8 months, like we might get prime MINUS 0.7 or 0.8 also

So I will start shopping for rates after 5-6 months again

I was doing all this for Pre-Approval only

Thanks all of you

As the prime rate will start climbing, the prime - % factor will go up.

variable rate has paid off in the long run.

when I bought my house July 2009, I was getting Prime + 0.25%, but look where it is in a yr from there.

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Amit Shah
Financial Advisor
Cell : 647-296-2609

VARIBALE CAN GET AS LOW AS PRIME -0.60 & 3 yrs fixed 3.29%,
pm me if you need
Thanks,

Quote:

---

Originally posted by m2611

I got 4 % from BMO & that too locked in for 12 months

I was also having offer from TD for variable Prime MINUS 0.5, but they are not ready to lock for 12 months
Maximum they can do is 120 days

But person from TD say variable will be better in another 6-8 months, like we might get prime MINUS 0.7 or 0.8 also

So I will start shopping for rates after 5-6 months again

I was doing all this for Pre-Approval only

Thanks all of you

---

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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)

http://www.theglobeandmail.com/report-on-business/economy/rbc-hikes-mortgage-rates-again/article1546995/

The rate on a five-year closed mortgage is now 6.25 per cent, an increase from the previous rate of 6.10 per cent. A one-year closed rate will, as of tomorrow, be priced at 3.80 per cent. All rates were increased by 15 basis points.

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Last quarter of 2010 will be interesting when everything will be in full force ( BOC rates, fixed rates, HST, new mortgage rule,s RE listings).