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Marked dropped in fixed rates lower than variable

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kashsaba

Post subject: Marked dropped in fixed rates lower than variable

Posted: Wed Aug 31, 2011 11:28 am

Joined: Tue Apr 15, 2008 4:32 pm
Posts: 317

Just read these rates inanother forum
Unbelievable low rates
Rates for 250k + mortgages and renewals and potential 1 year holds.

1 year 1.9-2%
2 year 1.69-1.79%
3 year 1.85-1.95%
4 year 2.28%-2.38%
5 year 2.74%-2.84%

If you're not putting 20% down and need to take insurance they can knock off even more
Are these true rates?

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christinajackson

Post subject:

Posted: Wed Aug 31, 2011 11:45 am

Joined: Wed Feb 14, 2007 1:55 pm
Posts: 917

Let's see what the brokers on the forum have to say....I am not seeing rates this low. Seems too good to be true.

_________________
Christina Jackson
Mobile Mortgage Specialist
TD Canada Trust
T: 647 292 7597
F: 905 377 1634
P: 866 767 5446
email: christina.jackson@td.com

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Farhan

Post subject:

Posted: Wed Aug 31, 2011 4:13 pm

Joined: Wed Mar 18, 2009 10:35 am
Posts: 175

WOW. Can somebody confirm it. also to break a mortgage which is around 3.49 Fixed. whats the panatly ... its CIBC and admin fee

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PaulMeredith

Post subject:

Posted: Thu Sep 01, 2011 4:31 pm

Joined: Fri Feb 01, 2008 2:35 pm
Posts: 528

I have some pretty darn low rates available, but nothing like that. Haven't seen anything even REMOTELY close. With one year rate holds at that? Curious, who is actually promoting this? Something doesn't seem right.

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Paul Meredith
Mortgage Broker
CityCan Financial (est 1976)
416-409-8009
http://www.easy123mortgage.ca
paulm@citycan.com
Lic#10532

Follow me on Twitter! http://www.twitter.com/paulmeredith

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PaulMeredith

Post subject:

Posted: Mon Sep 26, 2011 3:38 pm

Joined: Fri Feb 01, 2008 2:35 pm
Posts: 528

It was a special promotion National Bank was running in August, which I have been told by my rep from NBC that it is no longer running. It was offered through a different channel of National Bank, so we weren't given any information or access to it.

The best rate I have available right now is a 5 year fixed at 3.19%, 4 year at 2.89% or a 3 year at 2.69%.

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kashsaba

Post subject:

Posted: Fri Sep 30, 2011 12:13 am

Joined: Tue Apr 15, 2008 4:32 pm
Posts: 317

Still 4 and 5 years rates are very competitive form National bank
and will be going up On Oct 2nd.
just in the process of approval for 1.99% for 3 years fixed.

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kashsaba

Post subject:

Posted: Sun Oct 02, 2011 4:07 pm

Joined: Tue Apr 15, 2008 4:32 pm
Posts: 317

1.99% promotion is over as mentioned by Paul.

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