Toronto mortgage rates enter a brand new era

Toronto mortgage ratesSay hello to a new three tier pricing structure for five year fixed rate mortgages. Hi ratio mortgages will still enjoy the lowest rates. 30 year amortization periods for conventional mortgages will be subject to a premium in many cases – up to 0.15%

Rob McLister of Canadian Mortgage Trends has done a tremendous job in capturing all the changes to mortgage rates and structures which took place overnight. A must read.

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