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For Your Information How to get the best possible mortgage rate

How to get the best possible mortgage rate

CALGARY — When the Bank of Montreal and TD Bank dropped their special five-year fixed mortgage rates earlier this month, it drove Alyssa Furtado “crazy” to see how much attention they received.
Spring mortgage market kicks off with a new low rate from Bank of Montreal — but you can do better

THE CANADIAN PRESS/Sean Kilpatrick
Call it March Madness for the mortgage market, as banks begin a full-court press to lure in homebuyers as Canada heads into another vibrant spring for the country’s hottest housing spots.

On Tuesday, the Bank of Montreal took an early lead, beating the competition with the lowest rate on a fixed five-year mortgage — ever.

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The founder of RateHub.ca, a website that compares financial products, says homebuyers can do better if they shop around and do their homework