{"id":4070,"date":"2015-03-22T14:43:06","date_gmt":"2015-03-22T19:43:06","guid":{"rendered":"https:\/\/financierevictoria.ctx-dev.fr\/?p=4070"},"modified":"2020-10-09T11:24:39","modified_gmt":"2020-10-09T15:24:39","slug":"lower-mortgage-interest-rates","status":"publish","type":"post","link":"https:\/\/financierevictoria.ctx-dev.fr\/en\/lower-mortgage-interest-rates\/","title":{"rendered":"Conventional Banks, The Interest Rate War Is Open!"},"content":{"rendered":"<h1><span style=\"color: #044070;\"><strong>Interest rates on conventional mortgage are going down!<\/strong><\/span><\/h1>\n<p>For those who have access to conventional financing, this is the good news we were all waiting for.&nbsp;On March 18th, the Bank of Montreal has announced a rate cut&nbsp;for its 5 year fixed-rate mortgage loan. We anticipate that most of the banks will follow over the next week. The Bank of Montreal deal cuts its rate of 2.99 per cent to 2.79 per cent. Toronto-Dominion&nbsp;quickly followed by cutting its 3.09 per cent rate to match Bank of Montreal&#8217;s new offer.<\/p>\n<h2><span style=\"color: #044070;\"><strong>How does it impact people having a private mortgage with a private lender?<\/strong><\/span><\/h2>\n<p>When refinancing with a conventional bank, the interest payment charges are very important in the calculation of your payment capability. With&nbsp;lower interest rates,&nbsp;it will be easier to refinance your property as the interest&nbsp;payment charges&nbsp;will be lower.<\/p>\n<p>&nbsp;<\/p>\n<p>Do you have additional questions related to private&nbsp;mortgages, or are you currently looking for a private&nbsp;mortgage? Contact me at <a href=\"mailto:maxime.st-laurent@financierevictoria.com\">maxime.st-laurent@financierevictoria.com<\/a><\/p>\n<p>Recent related articles<\/p>\n<p><a title=\"Second mortgage: 3 reasons why you should use it to consolidate your credit card debt\" href=\"\/?p=3977\">Second mortgage: 3 reasons why you should use it to consolidate your credit card debt<\/a><\/p>\n<p><a title=\"2 obvious reasons to opt for a second mortgage versus refinancing your first mortgage\" href=\"\/?p=3946\">2 obvious reasons to opt for a second mortgage versus refinancing your first mortgage<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interest rates on conventional mortgage are going down! For those who have access to conventional financing, this is the good news we were all waiting for.&nbsp;On March 18th, the Bank of Montreal has announced a rate cut&nbsp;for its 5 year fixed-rate mortgage loan. We anticipate that most of the banks will follow over the next [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[],"class_list":["post-4070","post","type-post","status-publish","format-standard","hentry","category-private-mortgage"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Interest rates are going down for conventional mortgage<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Interest rates are going down for conventional mortgage\" \/>\n<meta property=\"og:description\" content=\"Interest rates on conventional mortgage are going down! For those who have access to conventional financing, this is the good news we were all waiting for.&nbsp;On March 18th, the Bank of Montreal has announced a rate cut&nbsp;for its 5 year fixed-rate mortgage loan. 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For those who have access to conventional financing, this is the good news we were all waiting for.&nbsp;On March 18th, the Bank of Montreal has announced a rate cut&nbsp;for its 5 year fixed-rate mortgage loan. 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