Here’s a quick overview of what you should know about mortgage rates right now:
2.45% – 1 Year Fixed
3.34% – 3 Year Fixed
3.49% – 5 Year Fixed (quick close Dec 31st)
3.54% – 5 Year Fixed (120 day ratehold)
3.09% – Merix 50/50 Mortgage (Fixed/Variable hybrid)
P-.70 3 Year Variable (2.30%)
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.
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