Tag Archive: HSBC


10-year Fixed Rates Now As Low As 2.99%. More Things to Consider (Updated)

This weekend, HSBC seemingly sweetened its 10-year fixed offer even more. It dropped the rate on its website for insured mortgages from the 2.99% announced in its press release Friday to 2.94%. It turns out that was a IT issue. “When they launched the rates, the rate were incorrect on the website,” a spokesperson said. “We have since corrected the...

HSBC 10-Year Fixed Rates Smash the 3% Barrier. First Time Ever (Updated)

If you were wondering what it’ll take to get more people interested in a 10-year fixed, here’s your answer: A rate below the psychologically pivotal 3% level. Today, HSBC has become the first lender in Canadian history to sell 10-year fixed mortgages as low as 2.94%. (Note: Our story has been updated as this rate dropped again on Saturday May 18,...

Rate Nuggets: TD and HSBC Cut Big

The latest happenings from the rate world: HSBC Won’t Let Up Despite moving to an everyday-low-rate online model a few years ago, competitors keep thinking (or maybe hoping) that HSBC is just a flash in the pan. Then it does what it did today. The bank hammered rates lower this morning, to: 2.74% for insured 5-year fixed mortgages (down 15...

5-year Fixed Rates Back Under 3%

Canada’s spring mortgage market is officially underway. HSBC kicked it off today with a head-turning 2.99% 5-year fixed rate. It’s the first time since September 24, 2018, that Canadians have seen the best 5-year fixed rate start with a “2.” Much has changed in those five short months: Market expectations have gone from 100+ basis points of rate hikes in the next few...

HSBC: Making Mortgages Easier

Few lenders in Canada are adapting better to online mortgage lending than HSBC. Thanks to league-leading rates and strong online marketing, the bank’s mortgage growth continues to outpace big banks. Since we last checked in with HSBC it’s been up to something interesting—something that foreshadows the future of how lenders sell mortgages in this country. The “Mortgage Centre” Mortgage shoppers...

BMO’s Door Crasher Variable Rate

BMO has come out swinging with its latest spring promo. The country’s fourth largest bank is advertising a red-hot prime – 1.00% variable. At 2.45% currently, it’s now the best variable rate for refis in the country. This special is also the largest widely advertised big-bank variable discount we’ve ever seen. As of press time, we’re still getting details and...