Residential Mortgage Rates as of April 15, 2015

Mortgage Rates

Term Fixed Closed Rate
6 months 3.95%
1 Year 2.79%
2 Year 2.29%
3 Year 2.39%
4 Year 2.77%
5 Year 2.69% or 2.49%*
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 2.49% Secondary Lender

 

Courtesy of John Chrisanthidis, Mortgage Intelligence