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As mortgage rates begin to decline, brokers predict more cuts on the horizon

2015-01-27 21:23:16| Real Estate - Topix.net

Mortgage brokers say Canadian banks have started cutting some of the rates they offer their most trusted borrowers, and they could come down even further as the spring real estate market gets into full swing. Robert McLister, the founder of RateSpy.com, says Canada's biggest banks are now offering five-year fixed rate mortgages at an estimated 2.84 per cent to their most qualified borrowers.

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