Toronto mortgage interest rate decrease

Just in time for the tail end of the summer market & for those planning to buy in the fall, several prime lenders have reduced their fixed rate mortgages.

As an example, some aggressive pricing from one lender: a 5 yr rate of 5.04% (mortgage amounts > $500,000) and they offer excellent prepayment options.

Many lenders are reviewing their lending criteria & product offerings....it's always in the client's best interest to arrange for a preapproval.

Enjoy the weekend - the weather looks promising!

Mark