Quote:
Originally Posted by macker
http://mobile.bloomberg.com/news/201...s?category=%2F
RBC and BMO warn one week and then lower rates the next....Flaherty today was saying they are watching the condo markets in Vancouver and Toronto and may be forced to step in  Maybe BMO is trying to draw more people out of variable and into fixed....still an interesting tactic.... How about the 10 year at 3.99%
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Talking to our mortgage person at TD, she mentioned that they (TD) have a lot of mortgages that are coming due this year. By bringing these offers out, they are hoping to lock in a lot of those customers for the next 4 or 7 years (and thus guaranteeing a certain amount of money coming into the bank) - I had never thought of it in that light, so it was definitely eyeopening.