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Toronto Mortgage Interest Rates - Update


Blog by Tridac Mortgage | April 28th, 2010


Toronto mortgage broker, Chris Molder, updates the Toronto mortgage market through his weekly video blog. Following an increase to fixed rate mortgages, lenders are now competing for the new fixed 5 year. The standard rate is 4.59% however, some lenders have introduced their quickclose rate at 4.39%.

 

Current mortgage rates as of April 26, 2010

5 Year Fixed – 4.54%

Quickclose 5 Year Fixed – 4.39% (must close before June 15th 2010)

3 Year Fixed – 3.84%

1 Year Fixed – 2.65%

Merix 50/50 Hybrid – 3.25% (current effective rate)

3 and 5 Year Variable P-.50% (1.75% current effective rate)

NOTE: Rates subject to change without notice.