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Mortgage Broker News | 27 Jan 2015, 06:46 AM Agree 0
It was always going to happen but while last week the big lenders were reluctant to pass on the Bank of Canada’s interest rate cut to borrowers, this week there’s talk of a price war.
  • John D | 27 Jan 2015, 07:25 AM Agree 0
    Of course the others will follow suit. Everyone waits for one of the big 5 to kick it in gear. Lately its been BMO but this time RBC opted to be the first to engage clients to run there. TD will likely be next. Although as mentioned, larger broker shops already have lower rates than 2.84 and those rates are also likely to go even lower.
  • judy | 27 Jan 2015, 03:33 PM Agree 0
    Have you seen GIC rates lately?????? Our seniors and savers are financing the big banks profits and everyone's credit addiction!
  • Matt | 27 Jan 2015, 07:28 PM Agree 0
    Anyone investing in GIC's would be better off keeping it under their mattresses. You can obtain the same rate of return with high yield cash accounts from many firms, and if thats the case; why lock it in?
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