We were all waiting with anticipation for mortgage rates to move. Finally, mortgage rates did move. The fixed 5 year rate increased by a half of a percent from 3.89% to 4.39%. The following are current rates I can offer you. Now, if you are feeling down that you missed an opportunity to capitalize on a low fixed rate mortgage consider my argument for opting for a variable rate mortgage at Prime minus 0.50 (1.75%). It appears that in the long run sticking it out with a variable may still be a good option. If you have questions or comments please feel free to write or contact me at 416.461.0204. Christopher Molder. Toronto mortgage broker.