Mortgage Interest Rate Review January 19th 2011

January 21, 2011

I am back from my holiday in Argentina and ready for the challenges of 2011. Mortgage interest rates have slowly but steadily increased since 2010 and this time the rise seems to be much less volatile than previous spikes that we’ve seen over the past 12 months. I believe that the era of sub 4% fixed 5 year mortgages is over. It will be very interesting to see how the year plays out.

3.19% – 3 Year Fixed (High ratio only)
3.64%- 3 Year Fixed

3.79% – 5 Year Fixed (Quickclose Feb 28th)
3.89% – 5 Year Fixed (120 day ratehold)
P-.75   3 Year Variable (2.25%)

P-.75   5 Year Variable (2.25%)

Prime Rate is currently 3.00%.
Bank of Canada Qualifying rate 5.19%
NOTE: Rates are subject to change without warning at the lender’s discretion.


Christopher Molder

Mortgage Broker

Christopher is a mortgage broker based in Toronto, Canada. And a son of a broker too. He’s a second generation mortgage broker. Following in his father’s steps he joined the family mortgage business straight out of university.