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wallywest

Mortgage for Healthcare Professionals at 2.49%

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Just found out despite the rates slowly creeping up - I was able to lock down 2.49% on a 5 year fixed from CIBC  . Every other bank quoted me higher. Great time to refinance and lock in the rates before they go up.  Let me know if there is any interest for this . 

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On 3/24/2020 at 7:45 PM, wallywest said:

Just found out despite the rates slowly creeping up - I was able to lock down 2.49% on a 5 year fixed from CIBC  . Every other bank quoted me higher. Great time to refinance and lock in the rates before they go up.  Let me know if there is any interest for this . 

Didn't know there were special mortgages for healthcare professionals.

Why would it go up? Aren't they expected expected to lower with the current economic situation?

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7 hours ago, MDinCanada said:

Didn't know there were special mortgages for healthcare professionals.

Why would it go up? Aren't they expected expected to lower with the current economic situation?

they have dropped quite a bit lately - also our LOC rate right now has fallen in lock step the reductions in the Canadian bank rate. 

perhaps OP mean creeping up slow over the past 2 years, which is true :)

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