Yesterday BMO lowered their five year fixed mortgage interest rate to a record low of 2.99%! This constitutes the lowest interest rate in history and is expected to cause high competition amongst financial institutions to receive your mortgage business. The result – NOW is the time to buy or to lock in your mortgage interest rate!!!
http://business.financialpost.com/2012/01/12/bmo-rates-hit-all-time-low/
http://www.ctv.ca/CTVNews/Canada/20120113/housing-prices-mortgage-rates-interest-20120113/
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