- November mortgage promotion on now, please see attached Cash Back details – up to $4,000.
- Bank of Canada next announcement Dec 6. BMO rate forecast: Rates Scenario for November 2, 2023 (bmo.com)
- Housing market update: Canadian Housing Market Braces for Chilly Winter (bmo.com)
- Many homeowners are concerned about their mortgage renewing: https://www.bnnbloomberg.ca/homeowners-brace-for-mortgage-payment-shock-amid-higher-for-longer-rate-outlook-1.1979028
- ask me how we can help!
- ask me how we can help!
Winter 2023 Cash Back Promotion Nov 8-Jan 31 (app date) | |||||||
Mortgage Rates Nov 8/2023 (subject to change without notice) | |||||||
Prime rate 7.20% | 1yr | 2yr | 3yr | 4yr | 5yr | 5yr | |
Type /Yr | fixed | fixed | fixed | fixed | fixed | variable | |
Default Insured 25yr < 20% down | 7.37% | 6.87% | 6.32% | 6.23% | 5.77% | 6.65% | |
25yr amortization > 20% down | 7.50% | 7.03% | 6.59% | 6.33% | 6.20% | 6.78% | |
30yr amortization > 20% down | 7.50% | 7.08% | 6.76% | 6.45% | 6.46% | 6.88% | |
25yr Readiline (w/HELOC @ P+1.0%) | 7.50% | 7.03% | 6.59% | 6.33% | 6.20% | 6.78% | |
30yr Readiline (w/HELOC) @ P+1.0%) | 7.50% | 7.08% | 6.76% | 6.45% | 6.46% | 6.88% | |
for rentals add up to 0.35% | |||||||
Line of Credit (HELOC) in 1st | 8.20% P+ 1.0% | | |||||
Line of Credit (HELOC) in 2nd | 8.70% P+ 1.5% | | |||||
| Attachment | Size | Type |
|---|---|---|
| BMO 2023 Winter Purchase Offer.pdf | 3.71 MB | application/pdf |
| BMO 2023 Winter Switch Offer.pdf | 4.7 MB | application/pdf |