May 7 (Bloomberg) -- Toronto-Dominion Bank and Bank of Montreal lowered some of their mortgage rates after government bond prices rallied.
Toronto-Dominion cut the rate on its five-year fixed mortgage by 0.15 percentage points to 6.1 percent, the Toronto- based lender said in a statement sent by Canada NewsWire. It also lowered a five-year closed rate by 0.15 percentage points to 4.7 percent. Bank of Montreal cut its rates by the same amount.
Source: Bloomberg Businessweek
By Sean B. Pasternak
May 07, 2010, 4:45 PM EDT
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