Quote:
Originally Posted by Mortgage Made Easy
Great News for variable rate mortgage holders... RBC, TD have dropped 0.50% so the Prime rate is 2.45% (RBC) and 2.60% (TD).
TD has 2 Prime rates and their Mortgage Prime is 2.60% and the bank Prime is 2.45%
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TD is stupid - had to be said. Like get rid of your "mortgage prime" already. Talk about ridiculously trying to save face after all these years, just admit you were greedy and thought everyone else would play along.
As much as I'm frustrated by the banks raising rates lately, at least its on new business, what TD did back then was screw all their existing variable rate holders, underhanded IMO