Firstline’s Double Presidential Mortgage

Studies have shown that US interest rates tend to come down during a presidential election. Canadian interest rates tend to follow the same pattern.

Because of this, Firstline, a subsidiary of CIBC,  developed a product that matures on Nov 1, 2012. This will allow borrowers the possibility of renewing their mortgage when rates are at their lowest - two US presidential elections from now. Firstline’s interest rate on this product is very competitive at 6.00%.