5 Year Fixed Mortgage Rate Drops Below 3 Per Cent
Mortgage News / Mortgages

5 Year Fixed Mortgage Rate Drops Below 3 Per Cent

Canadian bond yields are pointing south once again, and 5 year fixed mortgage rates have dropped to the 2.99 per cent as a result – the lowest since March of this year. What could the slide be attributed to? Well, the answer lies overseas – more specifically, Spain. As investors continue to turn away from euro zone markets, what do the implications hold for Canada? Continue reading »

Friday Mortgage Round Up: June 8th, 2012
Mortgage News / Mortgages

Friday Mortgage Round Up: June 8th, 2012

The turbulent month of May has passed, and it’s onward to June! With 5 Year and 10 Year Fixed Rates hitting all time lows, many consumers are considering a longer than usual term – and they’re giving 10 Year rates a second glance. But what implications does this hold for those who may need to break their mortgage? We look at the pros and cons of making a long term mortgage commitment. Continue reading »

Lowest 5 Year Fixed Mortgage Rate
Mortgage News / Mortgage Rate Outlook Panel / Mortgages

Lowest 5 Year Fixed Mortgage Rate

This rate is worth it’s own blog post! Currently on RateSupermarket.ca you can get a 5 year fixed mortgage rate for only 2.99%. Yes you heard right, 2.99%! The offer is only available to Ontario residents and comes with a 21 day rate hold. It also allows for 20% annual lump sum payments and a 20% increase on your monthly payments – two features that allow you pay off your mortgage faster and save loads on interest. Continue reading »