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Mortgage Broker News | 07 Mar 2013, 12:00 AM Agree 0
BMO’s 2.99 5-year-fixed rate announcement has got people talking and Googling, helping kick start the spring housing market for its competitors; namely, brokers.
  • Paul Therien - CENTUM | 08 Mar 2013, 05:38 AM Agree 0
    CENTUM's five year fixed through CENTUM Primo is at 2.79% with excellent prepayment options. The 2.99 through BMO is not the lowest rate out there.
  • Sharon Fauchon | 08 Mar 2013, 08:15 AM Agree 0
    We have been getting 2.99 for a while now and with some lenders 2.79% what is the big deal with BMO? Just asking?
  • Ad Lakhanpal, Broker,Mortgage Alliance | 09 Mar 2013, 07:26 AM Agree 0
    I don't understand why brokers should be happy if a non cooperating bank, such as BMO, reduces the rates. Brokers should be happy when they increase the rates. So far as stimulating rate shoppers,you are not going to get them anyway. Some bank branch is sure to beat your rate.
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