Unreel
Well-Known Member
Well it was nice while it lasted but now banks are raising their mortgage rates even as the Boc is cutting the lending rate. Whats the use of cutting rates if banks do whatever they want and don't pass on the savings? Td rates for 5 year went from 2.69 to 3%. Gotta love these big banks.
https://business.financialpost.com/...onavirus-and-oil-shock-weigh-on-lenders-minds
https://business.financialpost.com/...onavirus-and-oil-shock-weigh-on-lenders-minds