With the March buying season starting to heat up, all major Canadian banks have been working feverishly to launch their spring mortgage products. It’s like March Madness for the mortgage market.
On Tuesday the Bank of Montreal beat the competition with the lowest rate ever on a fixed five-year mortgage, from 2.99% to 2.79%.
This is a great time for first time home buyers to stop renting and buy. Homeowners can also take advantage and renew their mortgage.
Enjoy the low rates everyone!
Read the full story from the Financial Post.