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3 Year Variable Closed Mortgage Rates

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Ready to find your best mortgage rate?

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To get started, tell us a bit about your location and borrowing needs - and we'll do the rest! Your personalized results will include the best rates from lenders and mortgage brokers, right in your region. Simply pick a product you like, and we'll put you in touch for more info by email, website or phone - no obligation or purchase required.

What is a mortgage broker - and why would I work with one instead of a bank?

Think of a mortgage broker as your personal mortgage shopper - they've got access to a number of rates offered by multiple lenders, and do the legwork to connect you with your best match. Brokers work with your unique financial institution, and will help negotiate the best rate on your behalf - best of all, their services are absolutely free!

Variable Rates - Risky Yet Rewarding

Unlike fixed rates, variable rates may change during your mortgage term. But as long as variable rates remain low, so do your monthly payments. And remember, new rates pop up all the time, so sign up for Rate Alert so you can stay abreast of the current market.

Not Sure? Ask an Expert

Your first instinct may be to go to your bank, but a mortgage broker may take you further. Mortgage brokers have access to multiple rates from banks, credit unions and specialty lenders. They also are a wealth of knowledge of the mortgage industry.

Using Your Term to Balance the Risk

Variable rates tend to be lower the longer the term. But remember, if these rates fluctuate, you still having to keep making your payments for the duration of your term. In contrast, shorter term variable rates are higher, but even if the climb further, you can still get out of your mortgage quickly.

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