LIMITED TIME Mortgage Rate Promo

[TimLacroix]

PROMOTION HAS ENDED

5 Year Fixed as low as-------

2.44%
(Increase from 2.34%)

Available for

• Purchases
• Renewals
• Switch / Transfers
• Early Renewals / Switches
• Not available for refinances

Must be Owner Occupied / Second Home

Some Restrictions Apply... please call 403-648-1541 for details. Call for a quick, free no obligation assessment to see if this rate is good for you.

[Misterman]

Wow! They must be forecasting a big drop in interest rates coming.

[Buster]

that seems really low.

[Disoblige]

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Wow! They must be forecasting a big drop in interest rates coming.

If this is true, do we smell a 1.99% 5 year fixed soon? Hmm

[ercchry]

No, that’s a bought down value flex rate that has a sales clause if you break it. It’s to celebrate some mcap promotions and won’t last long. If you want to predict fixed rates it’s based of bond yield

[TimLacroix]

Yes, it is low.
No, I doubt we will see rate lower... especially 1.99% (but we can always hope)
The bond yield is sitting around 1.50% which means rates should be around 2.70% to 2.80% (for high ratio).

This is a MCAP promo rate and does come with a bona-fide-sale-clause. Do not hesitate to reach out and ask if it makes sense to consider this rate.

[Misterman]

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that seems really low.

Especially when variable is like 3.6

[roopi]

Aren't variable rates around 2.9 to 3 right now?

[TimLacroix]

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Aren't variable rates around 2.9 to 3 right now?

Variables can be as low 2.65%

[03ozwhip]

I have a question, how early is an early renewal on an already 5 year fixed?

[Disoblige]

Wish this rate was offered when I renewed in May :-(
Too bad no refinance.

[arcticcat522]

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I have a question, how early is an early renewal on an already 5 year fixed?

I would like to know also @TimLacroix

[TimLacroix]

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I have a question, how early is an early renewal on an already 5 year fixed?

Depending on your lender, some may offer 6-months early renewal However, most lenders will not early renew you but will offer a rate hold up to 4-month prior to renewal.

Another option is an early renewal in the middle of your mortgage term. This will come with a penalty... with that said, this may make sense if you the savings is great than the penalty. If you wish to discuss or run numbers, please call, email or PM.

[Disoblige]

Damn wish I had this option on my May renewal earlier this year.

[Tik-Tok]

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Wish this rate was offered when I renewed in May :-(
Too bad no refinance.

Same. It's down an entire 1.5% since we renewed.

[03ozwhip]

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Depending on your lender, some may offer 6-months early renewal However, most lenders will not early renew you but will offer a rate hold up to 4-month prior to renewal.

Another option is an early renewal in the middle of your mortgage term. This will come with a penalty... with that said, this may make sense if you the savings is great than the penalty. If you wish to discuss or run numbers, please call, email or PM.

Ya August 2021 is my 5 years, my rate is 2.69, so ya still a ways away, not sure if I have any penalties.

[arcticcat522]

Pm'd

[TimLacroix]

Bump - GREAT NEWS... PROMOTION EXTENDED - UPDATED RATE

5 Year Fixed as low as-------

2.44%
(Increase from 2.34%)

Available for

• Purchases
• Renewals
• Switch / Transfers
• Early Renewals / Switches
• Not available for refinances

Must be Owner Occupied / Second Home

Some Restrictions Apply... please call 403-648-1541 for details. Call for a quick, free no obligation assessment to see if this rate is good for you.

[Misterman]

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Aren't variable rates around 2.9 to 3 right now?

Scotia had me jacked up to 3.6% I took an early renewal and locked in at one of these low 5 year fixed rates when I realized how hammered I was getting on the variable rate now. I know I'll be sorry when the rates drop again.

[TimLacroix]

5- Year Bond Yield up since the Band of Canada announcement. Pressure on for rates to rise and this promotion to end soon.