Residential Mortgage Rates as of March 23, 2015

Mortgage Rates

Term Fixed Closed Rate
6 months 3.95%
1 Year 2.79%
2 Year 2.34%
3 Year 2.49%
4 Year 2.59%
5 Year 2.69% or 2.59%*
7 Year 3.29%
10 Year 3.89%

Prime = 2.85%

Variable Closed (5 yr) = Prime minus 0.70% = 2.15%

Variable Open = Prime plus 0.80% = 3.65%

Secured Credit Lines = Prime

* 2.69% – Major Canadian Bank and 2.59% Secondary Lender

 

Courtesy of John Chrisanthidis, Mortgage Intelligence