Five mortgage market truths, like you can do better than 2.99%

Here are five things you need to know about the mortgage market as the spring home-buying season gets going:

1. That 2.99 per cent Bank of Montreal five-year mortgage isn’t quite as good as it sounds.

2. You can do better than 2.99 per cent.

3. We will see wide open rate competition this spring.

4. Variable-rate mortgages are looking good.

5. The banks will crush you if you want to break your mortgage.

Read the full Globe and Mail article here.

Globe and Mail Mortgage Section here.


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