Mortgage Rates
Fixed Residential Rate
With a fixed-rate mortgage, you’ll know with absolute certainty what your rate and payment will be each month for the term of your mortgage, offering you stability and peace of mind. Since fixed rate mortgages are not affected by fluctuating interest rates, you can “set it and forget it.”
| Term | Posted Rate | Our Rate |
|---|---|---|
| 1yr | 7.84% | 7.64% |
| 2yr | 7.39% | 5.74% |
| 3yr | 6.94% | 4.49% |
| 4yr | 6.74% | 4.49% |
| 5yr | 6.79% | 4.54% |
| 7yr | 7.00% | 5.69% |
| 10yr | 7.49% | 5.79% |
5.24%
5-Year Fixed
6.44%
1-Year Fixed
4.49%
3-Year Fixed
4.19%
5 year variable
The Significance of Mortgage Rates in Home Refinancing.
The importance of mortgage rates for home refinancing in Canada cannot be overstated, as they have a direct effect on the affordability of the process. These rates influence the total cost of refinancing, impacting both monthly payments and long-term savings. Securing the best home refinance rates in Canada can result in significant financial advantages, such as lower monthly payments or shorter loan terms. It’s crucial to stay updated on current refinance mortgage rates in Canada and work with local mortgage brokers to secure the most favorable rates tailored to your financial goals, ultimately enhancing your financial well-being.
