Quote:
Originally Posted by photon
Bank of Montreal. And mine doesn't switch, it's prime - 0.5% for as long as I have it.
At the time my mortgage broker was choked because she couldn't match it, so I had to take my business to BMO.
I'm 90% sure it's a total mistake by the manager at BMO, but he had to honour it once he offered it. I'm not ever letting this go. 
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You might change your tune when interest rates climb. I think you guys have to seriously consider locking in at an interest rate now and staying away from these deals. It's obvious that interest rates are starting to climb and I've heard from some sources that they could be as high as 8% within a year. We locked our house down at 4.7% last year and this year it's already looking at around 5.3 - 5.7% (we're considering moving again).