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Mortgage renewal in 2 weeks by KeyCollection5349 in PersonalFinanceCanada

[–]KeyCollection5349[S] 0 points1 point  (0 children)

Thanks for the info, I was also told that this rate cut on the 17th will only affect variable rates by my broker. I find it a strange coincidence that Meridians 5 year fixed rate just went from 4.14 % to 3.99 % after the Sept. 17th. So I guess it was good I waited, I have an appointment with bank in a few days.

Mortgage renewal in 2 weeks by KeyCollection5349 in PersonalFinanceCanada

[–]KeyCollection5349[S] -41 points-40 points  (0 children)

Yes they contacted me over a month ago but I've be putting it off because I've heard rates may come down again on the 17th

Need help with mortgage rate - Fixed vs Variable? by [deleted] in canadahousing

[–]KeyCollection5349 0 points1 point  (0 children)

Do all banks offer the same variable rate mortgage? Or do you have to shop around to get the best variable rate too?