Hi,
My current 2 year fixed rate will end in about 60 days. I've looked at my bank's current published fixed rate options. I've also looked at the other mortgage fixed rates available out there.
Avant are currently the best, 2.3% for a fixed term of 10 years, which is the period that I'm looking to fix for. My current bank has a published rate of 2.95% for the same period.
Obviously Avant is the best choice, but switching basically means going through the same process of applying for a mortgage from scratch. I would like to avoid this hassle if possible.
So my question is, would my current bank be likely to negotiate their rate to match Avant's rate, if I told them that I'm considering switching?
Thanks for your help with this ...