Looks like your bank is trying to lock you in to something early. Maximum rate hold on switches (to other lenders) is 90 days, so the earliest you would really be able to shop around is January sometime. That being said, the 2 year fixed they are offering you is not bad, but the variable is terrible. If you are interested in a variable, I would hold off until you are within 90 days of your maturity date and then post again at that time.ttom wrote: ↑Oct 10th, 2017 4:04 pmHi all, my mortgage is up for renewal Apr 2018. Looking for the best rates available in Ontario. My bank BMO is offering 2yrs fixed @ %2.94 or 5yrs closed variable @ %2.65 and I can lock in the these rates today. Any suggestions, advice or any better offers out there? Thanks,
Also, don't let your bank try to tell you that the rates they are offering you are only good for a limited time (a few days for example). It's a common tactic used by banks to try to get their clients to lock in with them before they really have a chance to shop.
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