Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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Bank of Montreal – 4 year Closed : 4.74% (0.2%)
– ratesupermarket.ca
Bank of Montreal 4 year Closed mortgage rate was changed on September 14, 2013
Citigroup cutting about 1,000 jobs in Nevada and Texas as demand for mortgages slows
– canadianbusiness.com
NEW YORK, N.Y. – Citigroup says it is slashing about 1,000 jobs in Nevada and Texas, citing decreased demand for home loans and mortgage refinancing.
The lender said Monday that about 760 of the jobs being eliminated are in Las Vegas, while another 100 are in Irving, Texas.
The rest involve employees who work from home.
Most of the employees being laid off will continue to work until Nov. 22, while some will stay on until March.
Rising interest rates this summer have cut sharply into demand for mortgage refinancing, a big driver of bank profits in recent years.
Citigroup Inc.’s consumer banking earnings slipped 1 per cent in the second quarter.
Wells Fargo recently said it was cutting more than 4,000 full-time mortgage-department jobs due to slackening demand.
The post Citigroup cutting about 1,000 jobs in Nevada and Texas as demand for mortgages slows appeared first on Canadian Business.
The lender said Monday that about 760 of the jobs being eliminated are in Las Vegas, while another 100 are in Irving, Texas.
The rest involve employees who work from home.
Most of the employees being laid off will continue to work until Nov. 22, while some will stay on until March.
Rising interest rates this summer have cut sharply into demand for mortgage refinancing, a big driver of bank profits in recent years.
Citigroup Inc.’s consumer banking earnings slipped 1 per cent in the second quarter.
Wells Fargo recently said it was cutting more than 4,000 full-time mortgage-department jobs due to slackening demand.
The post Citigroup cutting about 1,000 jobs in Nevada and Texas as demand for mortgages slows appeared first on Canadian Business.
Bank of Montreal – 10 year Closed : 4.69% (0.4%)
– ratesupermarket.ca
Bank of Montreal 10 year Closed mortgage rate was changed on September 14, 2013
Laurentian Bank Canada – 3 year Variable Closed : 3.00% (-0.2%)
– ratesupermarket.ca
Laurentian Bank Canada 3 year Variable Closed mortgage rate was changed on September 12, 2013
Bank of Montreal – 6 year Closed : 6.19% (0.4%)
– ratesupermarket.ca
Bank of Montreal 6 year Closed mortgage rate was changed on September 14, 2013
