This week I am seeing interest rates come down slightly, keeping fixed rate mortgages low just below the 4% mark. Lately I have been liking the 50/50 mortgages like the Merix Lendwise mortgage, where 50% of your mortgage balance is charged at 3.99% and the remaining 50% variable 2.35%.
1 Year Fixed – 3.19%
3 Year Fixed – 3.52%
5 Year Fixed – 3.99% (120 day ratehold)
5 Year Fixed – 3.89% (Quickclose June 30th)
3 Year Variable P-.65 (2.35%)
3 Year Variable P-.80 (2.20%) High ratio only.
5 Year Variable P-.65 (2.35%)
50/50 Hybrid 3.17% (effective rate)
Prime Rate is currently 3.00%.
Bank of Canada Qualifying rate 5.69%
Rates are subject to change at the lender’s discretion
Don’t see a rate? Want me to negotiate on your behalf with the bank? Contact me or book a call directly into my calendar below.
