Mortgage update and specials currently on at BMO:
- Special 3yr fixed rate until Jan 19
- Cash back promotion of up to $4,100 for switches or refinances transferred to BMO - see attached
- Next Bank of Canada meeting Wed Jan 29 - most expecting drop of 0.25%, we’ll see!
- Housing, rates, and rent outlook from BMO Economist Housing Outlook: A Long Way Home
Winter Cash Back Promotion Jan 6 - Feb 10 (app date) |
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Mortgage Rates Jan 12/2024 (subject to change without notice) | |||||||
Prime rate 5.45% | 1yr | 2yr | 3yr | 4yr | 5yr | 5yr | |
Type /Yr | fixed | fixed | fixed | fixed | fixed | variable | |
Default Insured 25yr < 20% down | 5.88% | 5.39% | 4.37% | 4.57% | 4.40% | 4.66% | |
25yr amortization > 20% down | 6.00% | 5.55% | 4.44% | 4.69% | 4.62% | 4.78% | |
30yr amortization > 20% down | 6.10% | 5.65% | 4.60% | 4.76% | 4.72% | 4.88% | |
Referrals always welcome: Referral Form | BMO Bank of Montreal (make sure to include Francis Tan under “preferred mortgage specialist)
Let me help you build and retain your business.
| Attachment | Size | Type |
|---|---|---|
| BMO 2025 Winter Switch Offer.pdf | 3.75 MB | application/pdf |