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Thread: Variable mortgage for 1.99%

  1. 05-13-2014, 12:48 PM #1
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    Default Variable mortgage for 1.99%

    Looks like rates are dipping further.

    http://www.cbc.ca/news/business/inve...1-99-1.2641367

    Canada's mortgage market was shaken up with a mortgage rate below two per cent on Tuesday as Investors Group unveiled a three-year variable rate mortgage at 1.99 per cent.

    The Winnipeg-based financial services firm posted the rate on its website Tuesday, offering a 36-month term at a variable rate 101 basis points below IG's current prime rate of three per cent.
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  2. 05-13-2014, 12:51 PM #2
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    ...
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  3. 05-13-2014, 12:57 PM #3
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    He lives by the old folks home...hahahaha. great timing for me.
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  4. 05-13-2014, 12:58 PM #4
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    Damnit, I renewed early because I thought they were going back up. Ahh well, I've got 2.9%, and it isn't like fixed is about to drop by an entire percent.
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  5. 05-13-2014, 12:59 PM #5
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    Originally posted by G
    He lives by the old folks home...hahahaha. great timing for me.
    Me too!
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  6. 05-13-2014, 01:10 PM #6
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    max_boost can max_out that heloc even more now!
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  7. 05-13-2014, 01:43 PM #7
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    Just got fixed rate at 2.79%. I'm happy with that.
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  8. 05-13-2014, 02:14 PM #8
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    Originally posted by ExtraSlow
    Just got fixed rate at 2.79%. I'm happy with that.
    Where'd you get fixed @ 2.79? Is that 5 yr or less?
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  9. 05-13-2014, 02:21 PM #9
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    This particular one is 3 year. I have heard that the same rate is availible for 5 year, but I have reasons why 3 year is appropriate for me. it's through Purcell Mortgage, who i think is a forum sponsor.
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