BMO has announced that it will be decreasing its popular five year low rate mortgage from 3.79% to 3.59%. This decrease will be able to provide homebuyers the incentive they need to kick-start their fall house hunting season. To be honest with everyone, the housing market has definitely decreased over the past few months. Sales

This week we saw big banks make adjustments to their mortgage rates. The banks which I will be focusing on is the Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CIBC), Toronto Dominion Bank (TD) and National Bank of Canada (NBC). The rate adjustments made were decreasing certain mortgages; these decreases ranged from 0.10%

BMO Bank of Montreal has once again increased its residential mortgage rates; the new residential mortgage rates are to take effect April 28th, 2010. The new residential mortgage rates are as follows: Fixed Rate To: Change: Six month fixed convertible 5.05% +0.15% Six month fixed open 6.45% No change One year fixed open 6.45% No

For any Canadian on the search for a house right now, the chances of saving money are slowly slipping away if they do not move quickly. We have recently received notice that the Bank of Canada has no longer any reason to uphold its commitment to keep the overnight rate at the all time low

Well folks, what many of us have feared to happen, is upon us, the Bank of Canada is introducing higher interest rates earlier than planned. It is likely we will see an increase in interest rates as early as June 1ST. On Tuesday, the Bank of Canada left its key overnight rate untouched at its

Canadian Imperial Bank of Canada (CIBC) recently made changes to its residential mortgage rates. The changes made have been in effect since Thursday, April 15th, 2010. The changes made to CIBC’s mortgage rates are as follows: Six month convertible 4.90% Up 0.25% Six month open 6.70% No change One year open 6.45% No change One

National Bank Financial Group has adjusted its residential mortgage rates. The new rates are effective as of April 15th, 2010. The new residential mortgage rates are as follows: TERM CURRENT RATE (%) NEW RATE (%) CHANGE FIXED-RATE OPEN TERM 6 months open 7.000 7.000 0.000 1 year open 7.250 7.250 0.000 FIXED-RATE CLOSED TERM 3