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Canadian mortgage rates rose yesterday on the back of the uncertainty with the US Government’s $700B rescue of the US banks. As a result, bond markets have pushed long-term interest rates higher which have affected fixed rate mortgage rates.

We saw the following increases on the best mortgage rates available on RateSupermarket.ca

  • Variable closed 5 year: 4.15% (+0.05%)
  • Fixed closed 5 year: 5.25% (+0.26%)
  • Make sure to compare mortgage rates to make sure you’re getting the best deal.


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