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Mortgage Broker News | 24 Aug 2011, 08:00 AM Agree 0
It’s not exactly a white flag, according to one Vancouver broker, but the move by some of the Big Five to slash discounts on their ARMs may be the first tentative sign this year’s rate wars are winding down as the banks meet their year-end targets.
  • marie | 25 Aug 2011, 03:23 AM Agree 0
    What RBC has done is swing their focus to thr 4 year fixed rate special. 120 rate guarantee, full service product, 2.99%. They are still offering prime minus .70 and .80 on VRM unpublished but not as aggressively. Now if our lenders can figure out how to off sell this 4yr special that would be great!
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