{"id":16,"date":"2015-03-17T11:45:36","date_gmt":"2015-03-17T17:45:36","guid":{"rendered":"http:\/\/century21.brixwork.com\/blog\/?p=16"},"modified":"2022-03-05T09:59:35","modified_gmt":"2022-03-05T16:59:35","slug":"another-round-of-interest-rate-cuts","status":"publish","type":"post","link":"https:\/\/www.century21yk.ca\/blog\/2015\/03\/another-round-of-interest-rate-cuts\/","title":{"rendered":"Another Round of Interest Rate Cuts"},"content":{"rendered":"<div class=\"blog-post-body\">\n<p>It appears that the mortgage war is back on;\u00a0BMO just slashed its 5-year fixed mortgage rate to 2.79% from 2.99%. \u00a0The other banks are sure to follow suit.\u00a0This\u00a0despite the fact that Canada&#8217;s hottest markets are considered to be overvalued by up to 30%.<\/p>\n<p>See\u00a0<a href=\"http:\/\/www.theglobeandmail.com\/report-on-business\/bmo-cuts-five-year-mortgage-rate-to-kick-off-spring-season\/article23492561\/\" target=\"_blank\" rel=\"noopener\">this Globe and Mail article<\/a>\u00a0for more info.<\/p>\n<p>What does this mean for new home buyers\u00a0in more balanced markets like Yellowknife? Opportunity. \u00a0And for those existing homeowners who opted for variable over fixed rate\u00a0mortgages, the picture just keeps getting rosier.<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It appears that the mortgage war is back on;\u00a0BMO just slashed its 5-year fixed mortgage rate to 2.79% from 2.99%. \u00a0The other banks are sure to follow suit.\u00a0This\u00a0despite the fact that Canada&#8217;s hottest markets are &hellip;<\/p>\n","protected":false},"author":3,"featured_media":17,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[54],"tags":[21,22,23],"class_list":["post-16","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-buyer","tag-homeowners","tag-interest-rates"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"It appears that the mortgage war is back on; BMO just slashed its 5-year fixed mortgage rate to 2.79% from 2.99%. 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