TD Canada Trust is changing mortgage rates again!
Toronto Dominion bank has followed RBC in raising its main mortgage rate to 2.94 per cent, the Globe and Mail reports.
Although TD increased its rate twice last month, it stopped at 2.69 per cent while RBC went to 2.94 per cent. TD’s latest move brings the two rivals in line again for 5-year fixed rate mortgages. Effective December 15, 2016.
Tougher restrictions on lending and pressure from the bonds market has seen the big banks considering measures to boost profits.
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Until next time,
Your mortgage expert Evgeny Kamenskiy