Last updated: June 30, 2013
Bank of Montrial (BMO) and TD Canada Trust (TD) announced that they are changing the residential mortgage as of June 11, 2013.
Five year closed new rate will be:
TD – 3.29% (+0.20% change)
BMO – 3.19% (+0.10% change)
The increased rates in the residential mortgage may be the sign for the rising interest rate.
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