If you were watching the news last week you would have seen the stories running on Bank Of Montreal’s new 5 year fixed rate offering of 2.99%. This was the second time in three months that BMO have come out with an aggressive marketing campaign to drive business to their doors. From a mortgage broker perspective this type of aggressive marketing from a lender is good because it gets allot of media attention which ripples out to the public and get the phones ringing.
Read More