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BMO Cash Back Mortgage Promotion Continues!
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Hello Global Pacific advisor,

Our Cash Back offer continues until Feb 17* (application date, must fund within 130 days):

  1. Up to $4,200* for switches
  2. Up to $1,000* towards legal fees for purchases

*See attached for terms and conditions

 Market update:

  1. Home prices and sales trending softer.
  2. Variable rates up, long term fixed rates down.
  3. Next Bank of Canada meeting Wed Mar 8.

 

 

Mortgage Rates Feb 23/2023 (subject to change without notice)

Prime rate 6.70%

1yr

2yr

3yr

4yr

5yr

5yr

Type /Yr

fixed

fixed

fixed

fixed

fixed

variable

Default Insured 25yr < 20% down

5.89%

5.55%

4.97%

4.96%

4.94%

6.29%

25yr amortization > 20% down

5.97%

5.65%

5.09%

5.07%

5.04%

6.34%

30yr amortization > 20% down

5.97%

5.65%

5.18%

5.17%

5.14%

6.39%

25yr Readiline (w/HELOC @ P+0.5%)

5.97%

5.65%

5.09%

5.07%

5.04%

6.34%

30yr Readiline (w/HELOC) @ P+0.5%)

5.97%

5.65%

5.18%

5.17%

5.14%

6.39%

for rentals add 0.10%

AttachmentSizeType
BMO 2023 Winter Feb Purchase Offer.pdf4.81 MBapplication/pdf
BMO 2023 Winter Feb Switch Offer.pdf6.43 MBapplication/pdf