Residential Mortgage Rates as of March 23, 2015
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