View Single Post
  #122  
Old 2015-12-10, 04:13 PM
MortgageGuy MortgageGuy is offline
Senior Member
Regular User
 
Join Date: Jul 2008
Location: Ottawa, Ontario
Posts: 1,032
Default 2.54% 5 yr fixed

So I am back to having the 2.54% 5 yr fixed
FOR 120 day CLOSINGS.
20% annual pre-payment, no real restrictions other than only lending in the Ottawa/Hull and or Toronto GTA and surrounding areas.

Just some feed back, on the lenders in general. There is still an upwards trending movement in rates.
Scotia Bank increased my broker rates on 5 yr fixed to 2.99%, and today National Bank decreased their discounting(charging more now) to Prime -.20% or 3.50% on their variable rate mortgages today.
Likely no other reasons than their costs to lend are increasing and are tired of making less money. Now passing their cost back on to the consumer.

My best variable is Prime -.55% (but the lender has no bridge financing), so my best Variable is at Prime less .40 other wise.

As mentioned above, my best 5 yr fixed is 2.54%, and next up from that at most companies is 2.79% or greater.
Have a great day,
Dan
for complete terms and rates go to www.mortgagemoney.ca
__________________
Dan Faubert
Ottawa-Carleton Mortgage Inc.
Brokerage Licence # 10419
dan@mortgagemoney.ca
www.mortgagemoney.ca
https://www.fb.com/OttawaMortgageMoney
"Great Mortgage Rates"

613-222-2624 anytime
Off 613-563-5070
Reply With Quote