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Have gone up.
5 year term fixed rates range from 3.94% to 4.09% depending on "real deal" vs pre-approval, size of mortgage, and length of time until closing.
Have gone down a little.
5 year variable rate 2.20% (prime minus 0.80%)
3 year variable rate 2.15%
The rate used by lenders to ...
Royal Bank of Canada, the country’s largest bank, is leading the way on another round of mortgage-rate hikes, boosting borrowing costs in April for the third time in recent weeks. The rate on a five-year closed mortgage is now 6.25 per cent, an increase from the previous rate of 6.10 per cent. A one-year closed rate will, as of ...
Hats off to the Bank of Montreal for starting a practice that all financial institutions should have in place, and could even improve upon.BMO has announced that prospective homebuyers who take out a five-year fixed-rate mortgage and existing homeowners who renew for a five-year fixed rate, by Oct. 31 of this year, will not have to pay basic ...