intelliMortgage Inc.

intelliMortgage Inc.

November 27, 2015 14:57 ET

Mortgage Rates Drop on Black Friday

TORONTO, ONTARIO--(Marketwired - Nov. 27, 2015) - Black Friday is becoming a day for deals in Canada's mortgage market. Case in point is intelliMortgage's 2.29% 4-year fixed special, its lowest mortgage rate ever for that term.

"Everything else goes on sale on Black Friday, so why not mortgages?" said intelliMortgage co-founder Robert McLister.

It's the company's second annual mortgage event on Black Friday and McLister expects such promotions to become more widespread in coming years.

"Lenders and brokers are constantly looking for promotional angles. People love sharing Black Friday specials and November is a slow mortgage month to begin with, so today is as good as any to showcase your best rates of the year."

intelliMortgage's rate special is featured exclusively on mortgage rate comparison site, RateSpy.com.

About intelliMortgage: intelliMortgage Inc. is Canada's first online mortgage provider for self-directed consumers. Instead of paying commissioned agents, intelliMortgage uses the majority of lender commissions to buy down its customers' rates. Its exclusive mortgage search engine lets borrowers customize their own financing, using the country's largest mortgage product database. Clients then quickly and securely upload their documents and e-sign the paperwork.

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