Tag Archive: tangerine


RBC Boosts Fixed Rates

The Mortgage Report: March 3 “Interest rate risk could rise if the economy outperforms expectations,” said RBC Economics on Tuesday, as the bank raised three of its special fixed rates: 3yr: 2.19% to 2.24% 4yr: 2.09% to 2.29% 5yr: 2.04% to 2.24% That leaves just CIBC with advertised 5-year fixed rates under 2.00%. But advertised and reality are two different...

Tangerine Now Leads the Uninsured Mortgage Market on Several Rates

Tangerine has ratcheted up its competitiveness. For non-default insured mortgages, it is suddenly the national leader on four fixed terms: 2-year fixed at 1.64% 3-year fixed at 1.59% (lowest refi rate in the country) 4-year fixed at 1.69%, and 10-year fixed at 2.14%. These are exceptional rates for uninsured mortgages (which include refinances and purchases over $1 million), particularly if...

Tangerine’s 10-year Fixed Rate Smashes Record

—The Mortgage Report: Nov. 23— Bond yields stopped falling three months ago but that hasn’t stopped Tangerine from launching one sweet 10-year special. If you: think the economy will turn around in 2021, and think rates are near a medium-term (or longer) bottom, and want maximum protection from future rate increase, thenTangerine’s new 10-year fixed rate might just check your...

A New Low for 5-year Refinance Rates

—The Mortgage Report: Sept. 15— Never before has Canada seen an uninsured 5-year fixed nationally advertised for 1.84%. But on Tuesday we saw it, courtesy of Tangerine. At 1.84%, Tangerine’s rate is now just 4 basis points above the lowest nationally advertised uninsured variable rate. As usual, you’ll find even lower default-insured and insurable 5-year fixed offers if you shop...

Tangerine Slashes its HELOC Rate

Banks seldom offer HELOCs for less than prime rate, unless it’s a short-term teaser rate. But suddenly we have two online banks selling HELOCs at discounts to prime. The latest is Tangerine. On Friday, Tangerine lopped 75 basis points off its HELOC rate — cutting it from prime + 0.65% (where it’s been for years) to prime – 0.10%, or 3.85%....