CMT Team·General·November 9, 2006Mortgage Brokers Add Value A new CIMBL survey quantifies the value that mortgage brokers add with several interesting statistics. (see CIMBL Survey) Among the more interesting points: Mortgage brokers, in part, have helped Canadians negotiate roughly 1.38% off typical posted bank rates in the last year. The number of Canadians using mortgage brokers has jumped 24% since 2005. Among those who renewed or refinanced over the past 12 months, 84% remain with the same lender, most likely a mistake given the intense competition out there. 88% of Canadians say they are happy with their mortgage terms. The average Canadian interest rate in October was 5.05%, versus 4.62% in September 2005. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.