{"id":141,"date":"2012-01-14T18:35:14","date_gmt":"2012-01-14T23:35:14","guid":{"rendered":"http:\/\/www.olgaouspenski.net\/blogwp1\/?p=141"},"modified":"2014-06-28T12:08:00","modified_gmt":"2014-06-28T17:08:00","slug":"mortgage-rates-dropping","status":"publish","type":"post","link":"https:\/\/www.olgaouspenski.net\/blogwp1\/mortgage-rates-dropping\/","title":{"rendered":"Mortgage rates dropping – It’s a right time to buy!"},"content":{"rendered":"

\"budget-149874_640\"<\/a><\/p>\n

The Bank of Montreal moved its five-year fixed mortgage rate to 2.99 per cent late Thursday 12-01 \u2014 the lowest posted rate from a major bank in Canadian history.<\/p>\n

BMO announced the rate cut late on Thursday and TD followed suit by lowering their four-year fixed rate to 2.99 per cent on Friday afternoon.<\/p>\n

BMO’s offer, which ends Jan. 25, states that lump sum payments are limited to 10 per cent of the principal each year. The mortgage is also based on a 25-year amortization period. TD’s offer is open until Feb. 29, 2012. It’s also for a four-year term, much less common than the standard five-year.<\/p>\n

Other banks are expected to follow suit. On Wednesday, Toronto-Dominion Bank reduced its posted six-year rate 132 basis points to 3.79 per cent and lowered the posted seven-year fixed rate 91 basis points to 3.99 per cent.<\/p>\n

CBC News 13-01-2012<\/a><\/p>\n

Statistics about mortgage rates 1990 – 2011 :\u00a0Mortgage rates dropping<\/a><\/p>\n

\"\"<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Bank of Montreal moved its five-year fixed mortgage rate to 2.99 per cent late Thursday 12-01 \u2014 the lowest posted rate from a major bank in Canadian history. BMO announced the rate cut late on Thursday and TD followed suit by lowering their four-year fixed rate to 2.99 per cent on Friday afternoon. BMO’s … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2231,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1,58],"tags":[46,45,17,12],"class_list":["post-141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-immobilier","category-real-estate-2","tag-5-ans-fixe","tag-five-year-fixed","tag-mortgage-rate","tag-taux-hypothecaire"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.olgaouspenski.net\/blogwp1\/wp-content\/uploads\/2012\/01\/budget-149874_640.png?fit=640%2C357&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p1UEHj-2h","_links":{"self":[{"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/posts\/141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/comments?post=141"}],"version-history":[{"count":12,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/posts\/141\/revisions"}],"predecessor-version":[{"id":2232,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/posts\/141\/revisions\/2232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/media\/2231"}],"wp:attachment":[{"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/media?parent=141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/categories?post=141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/tags?post=141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}